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TD Bank US Holding Company history
TD Bank US Holding Company company history timeline
By 1995 the bank was offering nearly 50 different funds.
Also in 1995 A. Charles Baillie was named president of Toronto-Dominion, having moved up through the ranks of TD Bank's investment banking operations.
He succeeded Thomson as CEO in February 1997 and then as chairman one year later.
Then in October 1997 the bank spent C$214 million to acquire Kennedy, Cabot & Co., a closely held discount broker based in Beverly Hills, California.
In March 1998 another California discount broker, Jack White & Co., which was headquartered in San Diego, was acquired for US$100 million.
But in April 1998 the bank agreed to merge with the number two Canadian bank, Canadian Imperial Bank of Commerce (CIBC), to create what would have been the ninth-largest bank in North America.
Toronto-Dominion entered 1998 as the smallest of Canada's "Big Five" banks, with assets of C$163.85 billion.
1998: TD Bank's proposed merger with Canadian Imperial Bank of Commerce is blocked by the Canadian government.
The bank reported net income of C$3.03 billion for the year ending in October 1999, the largest such figure on record by a Canadian bank.
In December 1999 Bank of Tokyo-Mitsubishi Ltd. and TD Waterhouse entered into an alliance to launch an online brokerage business for the Japanese market.
TD acquired Canada Trust in 2000
In July 2002 the U.K. operations of TD Waterhouse were further bolstered through the purchase of 50 percent of NatWest Stockbrokers, which had been wholly owned by the Royal Bank of Scotland Group plc.
By the end of the third quarter of fiscal 2002 TD Bank had been forced to take one-time loan-loss provisions of C$2.1 billion.
In 2004, Banknorth caught the eye of TD Bank Group of Toronto, Canada, a top 10 financial services company in North America.
Also in 2005, TD acquires 51% of Banknorth.
TD Bank Group completed its purchase of TD Banknorth in 2007.
Looking to expand further in the United States, TD Bank Group acquired Commerce Bank on March 31, 2008, and the company rebranded as TD Bank, America's Most Convenient Bank.
TD Banknorth locations followed suit in September 2009, completing the merger of the two companies and uniting them under the TD Bank brand name.
On September 30, 2010, The South Financial Group, Inc. was acquired by TD Bank Group, and its subsidiary Carolina First Bank merged with TD Bank.
Carolina First Bank in North and South Carolina and Mercantile Bank in Florida were rebranded in June 2011.
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TD Bank US Holding Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Commerce Bank | 1865 | $1.4B | 4,766 | 156 |
| Valley National Bank | 1927 | $26.4M | 2,842 | 438 |
| Citizens Bank of Amsterdam | 2020 | $18.0M | 200 | - |
| Arvest Bank | 1871 | $170.0M | 6,324 | - |
| First Bancorp | 1948 | $1.2B | 3,000 | 169 |
| IBC Bank | 1966 | $620.4M | 2,254 | - |
| TCF Financial | 1923 | $2.1B | 10,000 | - |
| Huntington National Bank | 1866 | $4.8B | 25,693 | 1,341 |
| First Financial Bank | 1890 | $518.6M | 1,500 | 176 |
| TD Bank | 1852 | $8.5B | 26,001 | 1,079 |
TD Bank US Holding Company history FAQs
Zippia gives an in-depth look into the details of TD Bank US Holding Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TD Bank US Holding Company. The employee data is based on information from people who have self-reported their past or current employments at TD Bank US Holding Company. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TD Bank US Holding Company. The data presented on this page does not represent the view of TD Bank US Holding Company and its employees or that of Zippia.
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