Your trust is something we never take for granted. While we live in a world that's seen many ups and downs, twists and turns, it's even more important to remind you of our commitment to being here for you. We're committed to financial stability, security and growth.
This means continuing our longstanding focus on prudent risk management, mature governance controls and a diversified mix of businesses. It also means looking to grow and expand our business in ways that benefit our customers and the communities we live in.
TD's Commitment
TD maintains a dedication to stability while also being here for our customers, colleagues and community members.
- One of the 10 largest banks in the US*: more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida
- Diversified business model: We offer a full range of retail, small business and commercial banking products and services to our over 9.9 million customers
- 2022 G-SIB Designation: TD Bank America's Most Convenient Bank is part of TD Bank Group, which is the second largest bank in Canada. TD Bank Group is considered a Global Systemically Important Bank, or a "G-SIB." A G-SIB is a bank that has significant importance to the global economy and is required to undergo additional stress testing and more rigorous regulation. Banking with a G-SIB means you can have additional assurance and peace of mind, knowing TD follows extra regulatory safeguards.
- TD Bank Group's credit ratings are considered 'investment grade' by all credit agencies: these independent agencies believe TD has a high capacity to repay loans and a low likelihood of default.See our credit ratings here
View our most recent financial reports, regulatory disclosures and investor presentation
Coverage for TD Bank Accounts & Investments
All deposits and deposit products are FDIC-insured, up to $250,000 per depositor, per ownership category. That includes checking accounts, savings accounts, money market deposit accounts, certificates of deposit (CDs) and prepaid cards.
Learn more about FDIC insurance*>
Fiduciary accounts at TD Bank (including accounts for which TD Bank acts as a trustee and accounts at TD Bank where TD Bank provides investment advice) are separated from other TD Bank assets in accordance with national banking regulations.
Cash and investments at TD Private Client Wealth LLC, an affiliated broker-dealer and investment adviser, are insured by the Securities Investor Protection Corporation (SIPC) up to $500,000. SIPC coverage is intended to protect against the loss of cash and securities that are held with a broker-dealer, in the unlikely event that the broker-dealer becomes insolvent.
Learn more about SIPC insurance*>
FAQ
- TD Bank America's Most Convenient Bank is part of TD Bank Group, which is the second largest bank in Canada. TD Bank Group is considered a Global Systemically Important Bank, or a "G-SIB."
- A G-SIB is a bank that has significant importance to the global economy and is required to undergo additional stress testing and more rigorous regulation.
- Banking with a G-SIB means you can have additional assurance and peace of mind, knowing TD follows extra regulatory safeguards.
- TD’s credit ratings are also considered investment grade, which means independent agencies believe in our ability to repay loans and avoid default.
- TD is dedicated to stability and security, with a longstanding focus on strong risk management and controls and a diverse portfolio mix including total deposits of $361 billion and a loan-to-deposit ratio of 48% as of 12/31/22.
- Additionally, all deposits and deposit products are FDIC-insured, up to $250,000 per depositor, per ownership category.
- TD works closely with many regulatory bodies across the U.S. to ensure we adhere to all required regulations, deliver for our customers and do our part to maintain stability across the financial industry.
- Risk management has always been core to TD's business. We hold ourselves to the highest standards of integrity, ethics and compliance and we work diligently to protect the interests of our customers and our institution, overall.
*Based on total deposits as of June 30, 2022. Source: SNL Financial, Largest Banks and Thrifts in the U.S. by total deposits.
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As a seasoned financial expert with a deep understanding of banking and risk management, I can confidently provide insights into the concepts mentioned in the provided article. The information revolves around TD Bank's commitment to financial stability, security, and growth. Let's break down the key concepts:
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TD Bank's Commitment to Stability and Growth:
- The article emphasizes TD Bank's unwavering commitment to stability, security, and growth. This commitment is underscored by the bank's focus on prudent risk management, mature governance controls, and a diversified mix of businesses.
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TD Bank's Business Model and Size:
- TD Bank is positioned as one of the 10 largest banks in the United States, with over 1,100 convenient locations across the Northeast, Mid-Atlantic, Metro D.C., the Carolinas, and Florida.
- The bank operates a diversified business model, offering a full range of retail, small business, and commercial banking products and services to over 9.9 million customers.
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G-SIB Designation:
- TD Bank is part of TD Bank Group, the second largest bank in Canada, and holds the designation of a Global Systemically Important Bank (G-SIB).
- G-SIBs are banks deemed to have significant importance to the global economy. As a G-SIB, TD Bank undergoes additional stress testing and rigorous regulation, providing customers with extra assurance and peace of mind.
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Credit Ratings and Regulatory Safeguards:
- TD Bank Group's credit ratings are classified as 'investment grade' by all credit agencies. This indicates a high capacity to repay loans and a low likelihood of default.
- The bank adheres to extra regulatory safeguards due to its G-SIB status, further enhancing its commitment to stability and security.
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FDIC Insurance:
- All deposits and deposit products at TD Bank are FDIC-insured up to $250,000 per depositor, per ownership category. This includes various accounts such as checking accounts, savings accounts, money market deposit accounts, CDs, and prepaid cards.
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Fiduciary and SIPC Insurance:
- Fiduciary accounts at TD Bank, including those where TD Bank acts as a trustee and provides investment advice, are separated from other bank assets in accordance with national banking regulations.
- Cash and investments at TD Private Client Wealth LLC, an affiliated broker-dealer and investment adviser, are insured by the Securities Investor Protection Corporation (SIPC) up to $500,000.
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Financial Reports and Transparency:
- The article encourages readers to view TD Bank Group's most recent financial reports, regulatory disclosures, and investor presentations for transparency and accountability.
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Risk Management and Regulatory Compliance:
- TD Bank emphasizes its core commitment to risk management, integrity, ethics, and compliance. The bank collaborates with regulatory bodies in the U.S. to ensure adherence to all required regulations, contributing to overall stability in the financial industry.
In summary, TD Bank positions itself as a reliable financial institution with a strong commitment to stability, security, and growth, backed by prudent risk management, regulatory compliance, and a diversified business model. Customers are reassured through FDIC insurance, G-SIB designation, and investment-grade credit ratings.
