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When did Canada Trust become TD Bank?
Who owns Canada Trust Bank?
When was TD Bank founded?
When did Toronto-Dominion Bank merge with TD Canada Trust?
Canada Trust, founded in 1864 in London, Ontario as Huron and Erie Savings and Loan Society, was acquired by TD Bank in 2000, after which TD adopted the new brand name "TD Bank Financial Group". Canada Trust's retail division was merged with TD's existing retail banking operations over the course of 2000 and 2001 to form "TD Canada Trust".
- Early History
- First and Second World Wars
- Late 20th Century
- 21st Century
Of the three financial institutions that eventually combined to create The Toronto-Dominion Bank, The Bank of Toronto was founded first, in 1855. It was created by a group of flour millers and grain merchants in Canada West (Ontario), with the hope it would help them conduct their agriculture business. Early on, the bank grew cautiously due to the ...
As with all industry, the banks were a part of the First World War effort of 1914–17, and every branch participated in issuing Victory Bonds. After the war, Canadian economic success encouraged The Dominion Bank to open its first New York office in 1919 and its first Maritime branch, located in Saint John, New Brunswick, in 1922. In contrast, The B...
In 1958, shortly after the merger of The Dominion Bank and The Bank of Toronto, Huron & Erie made Allyn Taylor their president. Taylor was also the president of Canada Trust, one of Huron & Erie’s subsidiaries. Taylor had grown Canada Trust considerably by moving it into the pension management industry. It was so successful that by 1962 the company...
In 2000, TD Canada Trust acquired the largest independent institutional stock brokerage firm in the country at the time, Newcrest Capital Inc., for $224 million. It merged Newcrest Capital into TD Securities. In 2005, TD Canada Trust agreed to sell its discount brokerage unit TD Waterhouse to US competitor Ameritade, renaming the combined company T...
A history of growth. Since our founding in 1855, TD Bank Group has experienced dramatic change. We have grown from a single-branch bank serving grain millers and merchants, to a major financial services company, providing financial solutions to individuals and businesses around the world.
In 2000, TD purchased Canada Trust. Canada Trust was recognized for its unparalleled customer service – including its precedent-setting extended hours of “8 to 8 six days straight” in its branches, which was launched in 1976.
Canada Trust was acquired in 2000, and presently serves TD's Canadian commercial banking operations. In 1998, TD Bank and the Canadian Imperial Bank of Commerce agreed to a merger.
1983: Acquisition of the Canada Trust Company. 1992: Purchase of the Toronto-Dominion Bank's primary competitor, the Canadian Imperial Bank of Commerce. By 2000, TD had become one of Canada’s largest banks, with assets exceeding CAD 300 billion.
Feb 7, 2006 · In 2000, Canada Trust was acquired by TD BANK FINANCIAL GROUP in an $8 billion transaction. The addition of Canada Trust's more than 400 branches helped the newly renamed TD Canada Trust become Canada's largest retail banking network at that time.
