Quick FactsPhone Number: 1-888-751-9000 Assets Managed: $108.03 Billion Headquarters: Wilmington, DE Date Established: January 1st, 1852 | TD Bank Profile Information:Bank Headquarters: Toronto, Ontario , U.S Headquarters Cherry Hill, New Jersey
Stock Symbol: TD
CEO: W. Edmund Clark
TD Bank is the 2nd largest bank in Canada and the 6th biggest in North America. TD Bank was founded in 1955 when the Bank of Toronto and Dominion Bank were merged after being founded in 1855 and 1869. TD Bank moved operations into the United States with the merger of TD Banknorth and Commerce Bank giving the company approximately 1,200 branches. The merger was finished in March 21, 2008 after being announced on October 2, 2007. In 2009 TD Bank reported over $16 billion in sales. They also employ nearly 66,000 employees. In addition they have $142 billion in assets in the United States alone.
TD Bank services all provinces in Canada and has banks in Connecticut, Florida, Delaware, Maine, Illinois, Maine, Massachusetts, Maryland, New Jersey, New York, Pennsylvania, New Hampshire, Rhode Island, Vermont, Virginia and Washington DC. They have over 1,000 branches in the United States with 2,000 ATMs. TD Bank has become the largest bank on the east coast of the United States.
TD Bank provides services to retail, small, and commercial business along with its consumer bank products. In addition to these services they provide insurance through TD Insurance which has become one of the largest insurance brokers in the Northeast.
TD Bank has always been swift when adapting to technological changes. The bank launched its web site in 1996 with TD Access. They started offering their e-banking services in 1998. As TD Bank has increased their web presence they now offer free online banking for all of their members.
TD Bank has persevered during economic down turns better than most companies. In the early 1980’s while many companies were losing money they were able to show revenue increases. They saw a downturn in 1987 though. During this time they restructured there debt and moved to more conservative lending practices.
When TD Bank decided to move into the world market they purchased Waterhouse Investor Services in 1996. They followed up this purchase by then moving on to purchase Canada Trust for $8 billion at the end of 1999.
You can find TD Bank being traded on the New York Stock Exchange and the Toronto stock exchange under the symbol of TD. They are one of three banks that are rated triple AAA on the New York Stock Exchange.
As with the history of TD Bank they have been in the fore front of being green in today’s society. They have become carbon neutral with their latest advancements. Along with this development TD Bank has made great strides in lowering its energy consumption. They have done with by making investments in renewable energy that includes wind, solar and low-impact hydro power. TD Bank has purchased wind energy to power all of the 2,600 ATMs in their possession. Opening in spring of 2010 will be their first green prototype store in Queens Village, New York. TD Bank is on schedule to open five to ten new green stores in 2010.
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