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The bank was created on February 1, 1955, through the merger of the Bank of Toronto and the Dominion Bank, ... In the same year, TD Bank also acquired Canada Trust, ...
TD Canada Trust branch in Edmonton, Alberta. The Bank of Toronto (founded in 1855) and The Dominion Bank (founded in 1869) merged on 1 February 1955 to form TD Bank. Canada Trust, founded in 1864 in London, Ontario as Huron and Erie Savings and Loan Society, was acquired by TD Bank in 2000, after which TD adopted the new brand name "TD Bank Financial Group".
In 1954, negotiations began between the Bank of Toronto and the Dominion Bank, and by the end of the year, an amalgamation agreement was reached. In their brief to the Minister of Finance, the banks stated: “It is more burdensome for a small bank to keep pace with the development of our country than for a large bank, with the result that the effective growth and comparative influence of ...
In 1976, Huron and Erie changed its name to Canada Trustco Mortgage Company and continued to operate Canada Trust as a subsidiary. Canada Trust was a trust company that offered the same services as a bank. It was one of Canada's largest non-bank financial institutions, with $38 billion in deposits and $176 billion in assets. It had 11,000 ...
In this role, he oversaw the successful integration of the TD and Canada Trust banking operations. 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 ...
The Bank of Montreal has been paying dividends to share holders every year since 1829 (195 years ago), [13] Scotiabank since 1833 (191 years ago), [13] Toronto-Dominion Bank since 1857 (167 years ago), [14] Canadian Imperial Bank of Commerce since 1868 (156 years ago) [15] and Royal Bank of Canada since 1870 (154 years ago) [16] respectively.
As of March 2008, their stated plan was to merge Commerce with their existing TD Banknorth subsidiary, calling the new bank TD Commerce Bank. [38] However, Commerce Bank based in Worcester, Massachusetts challenged the new name. As a result, TD renamed its US subsidiary TD Bank at end of 2009. [39]
The Toronto-Dominion Bank (TD Bank) is a financial services group based in Canada. TD Bank may also refer to: TD Canada Trust, based in Toronto, Ontario, TD Bank's Canadian retail banking division; TD Bank, N.A. based in Cherry Hill, New Jersey, TD Bank's American retail banking division