Entries tagged "TD"
TD chief executive Ed Clark is standing by his bank's decision to buy Commerce Bancorp Inc. last year, even though he says it will lead to higher provisions.
A little bank in central Massachusetts has forced the hand of Canada's second-largest bank, Toronto-Dominion Bank, into unifying its entire U.S. branding strategy. Last year, Toronto-Dominion acquired Commerce Bancorp, a Cherry Hill, N.J.-based bank with branches from New York to Washington, with a beachhead in South Florida. With the acquisition, TD's U.S. moniker, TD Banknorth, began to seem inappropriate, and the firm announced a rebranding around the Commerce name....
Toronto-Dominion Bank closed its largest U.S. purchase to date by buying Commerce Bancorp Inc. on Monday, and already the Canadian banking giant is facing a lawsuit concerning its post-merger integration plans....
