M&A Deal Summary |
|
|---|---|
| Date | 2005-06-22 |
| Target | TD Waterhouse USA |
| Sector | Financial Services |
| Buyer(s) | TD Ameritrade Holding |
| Sellers(s) | TD Bank |
| Deal Type | Divestiture |
| Deal Value | 2.9B USD |
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| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Financial Services |
| Employees | 9,226 |
| Revenue | 5.4B USD (2018) |
TD Ameritrade Holding Corp. is a provider of securities brokerage services and related technology-based financial services to retail investors, traders and independent registered investment advisors. TD Ameritrade provides its services predominantly through the Internet, a national branch network and relationships with RIAs. TD Ameritrade was established in 1971 and is based in Omaha, Nebraska.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Financial Services) | 2 of 3 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-09-09 |
Datek Online Holdings
Iselin, New Jersey, United States Established in 1998, privately held Datek Online Holdings Corp. is one of the fastest-growing financial services companies in the United States and through affiliates provides swift access to financial services through innovative technology. The Company’s primary businesses are Datek Online Brokerage Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and Watcher Technologies, a provider of cutting-edge trading systems for the professional trading industry. |
Buy | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-01-07 |
thinkorswim
Chicago, Illinois, United States thinkorswim, Inc. is a provider of professional-level trading software, asset management and trade execution services for the options industry. |
Buy | $606M |
| Category | Company |
|---|---|
| Founded | 1855 |
| Sector | Financial Services |
| Employees | 90,000 |
| Revenue | 45.8B CAD (2022) |
TD Bank and its subsidiaries are collectively known as TD Bank Group (TD or the Bank). TD is a large bank North American bank serving customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank was founded in 1855 and is based in Toronto, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-08-26 |
TD Banknorth
Cherry Hill, New Jersey, United States TD Banknorth Inc. is a banking and financial services company headquartered in Cherry Hill, New Jersey and a majority-owned subsidiary of TD Bank Financial Group. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-02 |
Commerce Bancorp
Cherry Hill, New Jersey, United States Commerce Bank is a retailer of financial services with almost 460 convenient stores in Metropolitan New York, Metropolitan Philadelphia, Metropolitan DC and Southeast Florida. Commerce Bancorp is headquartered in Cherry Hill, New Jersey. |
Buy | $8.5B |
