Toronto-Dominion Bank facts for kids
|TD Bank Group|
S&P/TSX 60 component
|Predecessors||Bank of Toronto
The Dominion Bank
|Founded||1 February 1955|
|Bharat Masrani, CEO|
|Revenue||$41.065 billion CAD (FY 2019)|
|$11.686 billion CAD (FY2019)|
|Total assets||$1.41 trillion CAD (FY2019)|
Number of employees
|89,031 (FTE, FY2019)|
|Divisions||TD Canada Trust|
TD Bank, N.A.
TD Asset Management
The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Commonly known as TD and operating as TD Bank Group, the bank was created on 1 February 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively.
In 2017, according to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets, the second largest by market capitalization, a top-10 bank in North America, and the 26th largest bank in the world. In 2019, it was designated a global systemically important bank by the Financial Stability Board.
The bank and its subsidiaries have over 89,000 employees and over 26 million clients worldwide. In Canada, the bank operates as TD Canada Trust and serves more than 11 million customers at over 1,091 branches. In the United States, the company operates as TD Bank (the initials are used officially for all U.S. operations). The U.S. subsidiary was created through the merger of TD Banknorth and Commerce Bank, and it serves more than 6.5 million customers with a network of more than 1,241 branches in the United States which include Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, and Washington, D.C. .
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