TD Bank Financial Group

TD Bank or Toronto-Dominion Bank is the second largest Canadian bank, with main office in Toronto. TD Bank offers a wide range of financial services and products to its Canadian customers. TD Bank is a result of the merger between Bank of Toronto founded in 1855 and Dominion Bank founded in 1871. TD Bank has over 50,000 employees and it serves over 14,000,000 customers worldwide. TD Bank offers wide variety of services like checking and savings accounts, mortgages, competitive mortgage rates, personal loans, lines of credit and variety of insurance products like car and auto insurance.

Brands and Operating Units
In Canada, TD financial group provides banking through TD Canada Trust. TD Bank (The U.S. Division of TD Financial Group), was founded as a result of a merger between TD Banknorth and Commerce Bank, and is currently the 15th largest bank in the United States, with more than one thousand branches throughout 13 states and Washington D.C. Aside from banking products and services, TD Bank offers wealth management services to their clients around the world (through several brands including TD Waterhouse, TD Ameritrade, and TD Mutual Funds), providing investment advisory, distribution, and other services to a wide range of corporate, government, and institutional investors. TD Financial Group also offers insurance through TD Insurance, asset management through TD Asset Management, commercial banking through TD Commercial Banking, and global wholesale banking through TD securities.

History of TD Financial Group
TD Financial Group was founded on March 18th 1855, with an authorized grant 500,000 in capital. The next year (1856), the bank opened its first office in Toronto, and 4 years later (1860) the bank established its first branch in Montreal. During the 19th century, the Bank of Toronto had the highest share price of any Canadian bank; however the group had not yet penetrated the commercial banking sector, as their products and services were still geared towards farmers and merchants. In 1871, a new bank arrived in Toronto Dominion Bank, which by 1872 became the first Canadian bank to have two branches in the same city. During the late 1890's, both banks began to expand to other provinces, and rapidly grew during the first decade of the 20th century. Both banks endured the great depression with minimal turbulence, despite a slight loss in earnings. After the war, in 1995, an amalgamation agreement was reached between the two banks, and the Toronto-Dominion Bank was founded on February 1, 1955.

Products and Services
On the TD Bank web site, their services are split into three main categories Personal, Small Business, and Corporate. The personal sector of the bank provides personal banking, investments and insurance, which includes checking & savings accounts, online & mobile banking, credit cards, mortgages, home equity loans; automotive insurance, homeowners insurance, life insurance, and identity theft protection. Investment products and services are offered by TD Ameritrade and TD Wealth Management, and include private banking, private investment counsel, private trust, trustee services, retirement plan services, and captive insurance services.

Through the above operational units and brands, TD Financial Group continues to expand and provide quality products and services to millions of clients on a daily basis. Being one of the 'Big Five' banks in Canada, TD Financial Group has undoubtedly played a key role in the financial success and stability of the Canadian banking industry. TD Financial group is the most successful Canada-based bank in the eastern United States, and one of the premier insurance providers of Canada and the northeast United States.

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