Toronto-Dominion Bank - Mergers and Acquisitions

Mergers and Acquisitions

  • Bank of Toronto and the Dominion Bank 1955
  • Central Guaranty Trust (acquisition of assets and branches) 1992
  • Waterhouse Investor Services 1996
  • Toronto-Dominion Bank and Canadian Imperial Bank of Commerce announced merger; however Paul Martin, then Finance Minister, declared the merger void as not in the best interest of Canadians
  • Newcrest Capital 2000 for $224 million (75% stock and 25% cash)
  • Canada Trustco 2000
  • Stafford Trading and Letco Trading 2002
  • Laurentian Bank retail branches (Ontario-BC) 2003
  • Banknorth NA 2005
  • Commerce Bancorp 2007 (This created TD Bank, N.A. due to naming issues)
  • Riverside National Bank of Fort Pierce, Florida 2010
  • The South Financial Group Inc. 2010 (Full Transition was completed in June 2011)
  • Chrysler Financial acquired in April 2011
  • MBNA Canada's credit card business acquired in August 2011

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