What bank owns TD Bank?
TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". For more information visit www.td.com.
TD Bank
On May 31, 2008, Commerce Bank N.A., Commerce Bank/North and TD Banknorth merged to become TD Bank N.A. (known as TD Bank, America's Most Convenient Bank).
TD Bank is worth considering if you're looking for a bank with great customer service and a few options for checking at different stages of your life. However, if you're looking for a bank in which to park your money to earn interest, the rates are quite low. You can find more-competitive rates elsewhere.
Is TD Bank FDIC insured? Yes, TD Bank is FDIC insured (FDIC #18409). All TD bank accounts are FDIC insured up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
Canada's Toronto Dominion Bank said it will buy New York-based boutique investment bank Cowen for $1.3 billion in cash, seeking to boost its presence in the high-growth U.S market.
Toronto-Dominion. That's what the "TD" in TD Bank stands for. TD is headquartered in Toronto, Canada, and was founded in 1855.
| Stockholder | Stake | Shares owned |
|---|---|---|
| TD Asset Management, Inc. | 1.95% | 35,087,809 |
| BMO Asset Management Corp. | 1.92% | 34,543,373 |
| Capital Research & Management Co.... | 1.87% | 33,650,327 |
| CIBC World Markets, Inc. | 1.79% | 32,270,037 |
The bank is fairly "fee heavy." You can't waive the fee by signing up for direct deposit. Checking and savings accounts require a minimum average balance or you'll pay a monthly fee. In exchange for their unique fee structure, TD tends to offer higher than average interest rates on their checking and savings accounts.
| Rank | Bank name | Total assets |
|---|---|---|
| 9 | TD Group US Holdings LLC | $423.65 billion |
| 10 | Capital One Financial Corp. | $381.30 billion |
| 11 | Bank of New York Mellon Corp. | $356.23 billion |
| 12 | State Street Corp. | $311.06 billion |
Who did TD merge with?
The Bank of Toronto and The Dominion Bank merge to form The Toronto-Dominion Bank. The newly formed TD had 449 branches and approximately 4700 employees across Canada, with offices in London, England, and New York City.
If you enjoy widespread branch accessibility, sign-up bonuses and different account options, Chase may be a suitable choice for you. However, if you don't mind minimal monthly fees and limited branch locations, you should consider TD Bank. Ultimately, you know your financial needs better than anyone.
Many online-only banks have Bank of America beat in terms of what they may offer customers in annual rates across several different accounts. TD's interest rates, while better than Bank of America's, are still not stellar. TD has a bad reputation for offering its clients mostly below-average savings rates.
Best banks, credit unions and neobanks:
Best overall, best for overdraft options: Ally Bank. Best overall, best for rates: Alliant Credit Union. Best overall, best for tools: Capital One. Best overall, best for interest checking: Lake Michigan Credit Union.
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M&T Bank vs Td Bank.
| 43% | Promoters |
|---|---|
| 14% | Passive |
| 43% | Detractors |
1. Royal Bank of Canada. The Royal Bank of Canada is the largest of the Big Five with respect to net revenue (C$11.4 billion in 2020) and capitalization (C$132.5 billion in 2020). The Royal Bank of Canada has over 17 million clients worldwide, over 86,000 full-time employees and over 1,300 branches.
William S. Demchak is chairman, president and chief executive officer of The PNC Financial Services Group, one of the largest diversified financial services companies in the United States.
- Bank of America.
- Capital One Bank.
- Bank of New York Mellon.
- Fifth Third Bank.
- Citibank.
- Fifth Third Bank.
- Northern Trust Company.
- M&T Bank.
