Toronto-Dominion Bank

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Group.png Toronto-Dominion Bank  
(BankPowerbase WebsiteRdf-entity.pngRdf-icon.png
Toronto-Dominion Bank logo.svg
Formation1 February 1955
HeadquartersToronto, Ontario, Canada
Leaders• Chairman of the Toronto-Dominion Bank
• Director of the Toronto-Dominion Bank
Subgroups• TD Securities
• TD Waterhouse
• TD Bank
• N.A.
• TD Asset Management
Staff85,000
SubpageToronto-Dominion Bank/Chair
Toronto-Dominion Bank/Director
One of the big 5 Canadian banks

The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Commonly known as TD and operating as TD Bank Group, the bank was created on 1 February 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively.

In 2017, according to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets, the second largest by market capitalization, a top-10 bank in North America, and the 26th largest bank in the world.[1] In 2019, it was designated a global systemically important bank by the Financial Stability Board.

The bank and its subsidiaries have over 89,000 employees and over 26 million clients worldwide.[2] In Canada, the bank operates as TD Canada Trust and serves more than 11 million customers at over 1,091 branches. In the United States, the company operates as TD Bank, which was created through the merger of TD Banknorth and Commerce Bank. TD Bank serves more than 6.5 million customers in the United States with a network of over 1200 branches in sixteen states and the District of Columbia.[3]

Toronto-Dominion Bank has been on the List of systemically important bankslist of global systemically important banks by the Financial Stability Board since 2019. It is therefore subject to special monitoring and stricter requirements for the endowment with equity.[4]

Bilderberg connections

Many bank staff have attended the Bilderberg. Frank McKenna, Deputy Chair of TD Bank Financial Group since May 2006, was Canadian Ambassador to the U.S.A from 2005 to 2006, and participated in 10 Bilderbergs.


References


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