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In 2008, TD acquired Commerce Bancorp and integrated TD Banknorth to become TD Bank, N.A. [13] Masrani became Group Head, US Personal and Commercial Banking and CEO of TD Bank, N.A. [14] When President and CEO W. Edmund Clark announced his upcoming retirement, this led to a succession planning contest between Masrani, Mike Pedersen (Group Head ...
TD Bank, N.A. is an American national bank and the United States subsidiary of the Canadian multinational TD Bank Group.It operates primarily across the East Coast, in 15 U.S. states and Washington, D.C. TD Bank is the seventh-largest U.S. bank by deposits and the 10th largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions.
The TD Bank shield logo was unveiled to the public near the end of the decade, in 1969. [10] In 1976, TD Bank piloted its first automated teller machine (ATM), the TD 360, which was renamed the Green Machine, a name it continues to carry. [12] In 1987, Toronto Dominion Securities Inc. was established by the bank. [10]
The TD probe has led to "significant underperformance of the stock and, we believe, the retirement of the current CEO Bharat Masrani," Persaud said. TD is Canada's second biggest bank and the 10th ...
TD Bank Group president and CEO Bharat Masrani speaks during the bank's annual meeting of shareholders in Toronto, Ontario, March 30, 2017.
TD Bank Group will see a leadership change next year. CEO Ed Clark has announced his retirement, effective Nov. 1, 2014. He will be replaced by Bharat Masrani, currently group head for U.S ...
Clark then became president and chief operating officer of TD Bank Group in July 2000, and became president and chief executive officer of TD Bank Group on December 20, 2002 upon the retirement of A. Charles Baillie as chairman and chief executive officer while John W. Thompson was appointed as non-executive chairman. [5]
In a statement, TD Bank Group President and CEO Bharat Masrani said, “We have taken full responsibility for the failures of our U.S. AML program and are making the investments, changes and ...