The Toronto-Dominion Bank (NYSE:TD) was formed in 1955 by the merger of Bank of Toronto, founded in 1855, and Dominion Bank, founded in 1869, usually called TD, based on TD Bank The Group operates and is headquartered in Toronto, Canada. It has 82,817 full-time employees. Like Bank of Montreal (BMO) just introduced, it is one of Canada’s 5 largest banks, one of the 10 largest banks in North America, the 19th largest bank in the world, and the largest Canadian bank. The second bank company owns TD Securities.
The Toronto-Dominion Bank (TD):
The Toronto-Dominion Bank (Toronto-Dominion Bank) is headquartered in Toronto, Canada. It is Canada’s second largest bank. Its services include personal and commercial banking, wealth management, investment banking and services.
The Toronto-Dominion Bank Financial Group, or Toronto-Dominion Bank (TD Bank Financial Group), is the second largest bank in Canada and the sixth largest in North America in terms of market capitalization and deposits. Toronto-Dominion Bank Financial Group.
Toronto-Dominion Bank Financial Group has more than 80,000 employees and more than 15 million customers around the world. The TD Canada Trust Bank has more than 11 million customers, more than 1,128 branches (branches) and 3,157 teller machines. And it serves 8 million customers annually through its 1,270 retail stores.
Canada’s five largest banks : Royal Bank of Canada , Toronto-Dominion Bank Financial Group , Scotiabank, Bank of Montreal ( Bank of Montreal ), Canadian Imperial Bank of Commerce .
The Toronto-Dominion Bank (TD) acquisition and merger:
- Bank of Toronto merged with Dominion Bank to form Toronto-Dominion Bank – 1955
- Standard Chartered Bank Canadian Commercial Bank Branch-1990s
- American discount brokerage Waterhouse, renamed TD Waterhouse after the acquisition-1990s
- Central Guaranty Trust (acquisition includes branches and assets) – 1992
- Waterhouse Investor Services – 1996
- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce announced a merger. However, the Canadian Minister of Commerce Paul Martin, then Finance Minister declared the merger invalid because it was not in the interests of the Canadian people;
- Newcrest Capital (224 million US dollars) – 2000
- Canada Trust – 2000
- Stafford Trading and Letco Trading – 2002
- Laurentian Bank retail branches (Ontario-BC) – 2003
- TD negotiated with E-Trade to merge it with TD Waterhouse, but to no avail – 2003
- 51% of Banknorth Group, Inc. (now TD Banknorth)-August 26, 2004
- Banknorth NA – 2005
- Sale of 70% of TD Waterhouse (USA) to Ameritrade
- Acquired Commerce Bancorp and established TD Bank, NA – 2007
- Acquired American First Bank, Riverside National Bank of Florida, First Federal Bank of North Florida from Federal Deposit Insurance Corporation (FDIC)-April 2010
- The South Financial Group Inc. – 2010 (transaction completed in June 2011)
- Chrysler Financial – April 2011
- Acquisition of Bank of America’s US$8.6 billion asset portfolio and its MBNA Canada’s credit card business – December 1, 2011
- Acquired Target’s US credit card portfolio for approximately US$5.9 billion – October 24, 2012
- TD Ameritrade acquires Scottrade Securities for US$4 billion -October 2016