Who Is TD Bank Owned by? (2024)

FAQs

Who Is TD Bank Owned by? ›

TD Bank is a successor to the Portland Savings Bank, which later became Banknorth after a series of mergers with various other New England banks. The Canada-based TD Bank Group then became majority owner in 2004 and renamed it "TD Banknorth, N.A." by adding the Canadian bank's popular "TD" initials.

TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America trading on the New York and Toronto stock exchanges under the ticker symbol "TD."

TD Bank has been a subsidiary of TD Bank Group since 2008, and it is the 14th-largest credit card issuer in the United States, with 7.8 million cards in circulation.

Largest shareholders include Royal Bank Of Canada, Bank Of Montreal /can/, Vanguard Group Inc, CIBC World Markets Inc., Td Asset Management Inc, Bank Of Nova Scotia, National Bank Of Canada /fi/, Mackenzie Financial Corp, 1832 Asset Management L.P., and VGTSX - Vanguard Total International Stock Index Fund Investor ...

On May 31, 2008, Commerce Bank N.A., Commerce Bank/North and TD Banknorth merged to become TD Bank N.A. (known as TD Bank, America's Most Convenient Bank).

TD Bank is TD Bank, N.A., a wholly-owned U.S. subsidiary of The Toronto-Dominion Bank. Member FDIC. Accounts issued by TD Bank, N.A. are not insured by Canada Deposit Insurance Corporation.

The Toronto-Dominion Bank trades on the Toronto and New York stock exchanges under the symbol "TD". The Toronto-Dominion Bank is a chartered bank subject to the provisions of the Bank Act (Canada).

On May 31, 2008, TD Bank Group acquired Commerce Bank, and merged it with TD Banknorth to form TD Bank, N.A., what is now the United States subsidiary of its Canadian parent company. In 2010, TD Bank, N.A. acquired the South Financial Group and its 172 branches across the Carolinas and Florida.

Toronto-Dominion Bank is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol TD. In 2023, TD registered $50.49 billion in revenue and $10.78 billion in net income and held $1.96 trillion in assets.

Leo Salom is President and CEO of TD Bank, America's Most Convenient Bank^®, one of the 10 largest banks in the U.S. TD Bank provides more than 10 million customers with retail, small business and commercial banking products and services throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida.

What is the TD Bank controversy? ›

In 2013, the bank paid US$52.5-million to settle charges over its role in a Ponzi scheme conducted by Florida lawyer Scott Rothstein. TD was accused by the U.S. Financial Crimes Enforcement Network of receiving repeated alerts about the potential for money laundering from Mr.

No, it is an affiliate of Canada”s Toronto Dominion Bank.

In May 2021, the company sold its Canadian Direct Equipment Finance business to Toronto-Dominion Bank. In 2021, the company sold its asset management division, Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence Capital Partners for $2.1 billion.

TD Bank Group ("TD" or "the Bank") (TSX and NYSE: TD) today confirmed that upon closing of the acquisition of TD Ameritrade Holding Corporation by The Charles Schwab Corporation ("Schwab"), TD received an approximately 13.5% stake in Schwab, consisting of 9.9% voting common shares and the remainder in non-voting common ...

The Toronto-Dominion Centre, or TD Centre, is an office complex of six skyscrapers in the Financial District of downtown Toronto owned by Cadillac Fairview. It serves as the global headquarters for its anchor tenant, the Toronto-Dominion Bank, and provides office and retail space for many other businesses.