Investment Summary

TD Bank Invests In TD Banknorth

On August 26, 2004, TD Bank invested in financial services company TD Banknorth

Investment Highlights
  • This is TD Bank’s 1st transaction in the Financial Services sector.
  • This is TD Bank’s 1st transaction in the United States.
  • This is TD Bank’s 1st transaction in New Jersey.

Investment Summary
Date 2004-08-26
Target TD Banknorth
Sector Financial Services
Investor(s) TD Bank
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

TD Bank

Toronto, Ontario, Canada
Category Company
Founded 1855
Sector Financial Services
Employees102,853
Revenue 52.9B CAD (2023)
DESCRIPTION
TD Bank branch in Bangor, Maine.
TD Bank branch in Bangor, Maine.

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 incorporated in 1855 and is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 10
Sector (Financial Services) 1 of 9
Type (Stake Purchase) 1 of 1
State (New Jersey) 1 of 2
Country (United States) 1 of 8
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-22 TD Waterhouse USA

United States

TD Waterhouse USA is a provider of electronic brokerage services to retail investors.

Sell $2.9B
Mergr

Product

Company

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