Hints and tips:
...It first acquired Banknorth of Maine in 2004 and later went on to acquire Hudson United for $1.9bn in 2005 and Commerce Bancorp for $8.9bn in 2007....
...It bought Maine-based Banknorth in 2004, Hudson United for $1.9bn in 2005 and Commerce Bancorp for $8.9bn just ahead of the financial crisis....
...TD Bank has been building US presence since 2004, when it bought Banknorth Group, based in Portland, Maine....
...Prior to that, he worked as an asset/liability analyst at TD Banknorth where he examined all interest bearing products on the balance sheet and performed associated modelling of return on investments and...
...TD Bank in the US is mainly the product of two big acquisitions – Maine-based Banknorth in 2005 and Commerce Bank, based in New Jersey, three years later – that have given the Canadians a presence in every...
...Toronto-Dominion sold its US TD Waterhouse brokerage operations to Ameritrade in 2006 in exchange for a stake in the new company. It took control of Banknorth in 2007, and bought Commerce Bank in 2008....
...TD Bank already had a presence in the US following its acquisition of Maine-based Banknorth and its 600 branches in eight states....
...TD took its first step into US retail banking just three years ago with the purchase of Maine-based Banknorth....
...The Massachusetts Bankers Association, whose members include Bank of America, Sovereign Bank and TD Banknorth, has this week issued statements highlighting the extent of the impact of the fraud on its clients...
...Mr Ryan said that TD Banknorth had consulted regulators prior to making the offer for Hudson....
...The Canadian bank has been reshaping its businesses, refocusing on retail banking with last year's $3.5bn acquisition of a controlling stake in Banknorth of the US....
...Since TD?s move, there have been no deals in excess of $1bn, leading many industry observers to wonder whether valuations had risen too much for more M&A activity....
...Analysts expect Banknorth will provide TD with a beach-head for further acquisitions in the north-eastern US....
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