According to a report in
Business Week,
Toronto-Dominion Bank (TD), continues to make inroads into the United States. Canada's
second-largest lender, the bank already has 1,000 branches in the U.S.
and just recently bid on 'a number' of U.S. bank assets. While none of the bids
ended in a transaction this time, Edmund Clark, TD's Chief Executive
Officer, noted "the bank doesn't need to make any more acquisitions to
expand south of the Canadian border," as TD is expecting to open about
30 new branches in the United States every year.
"Toronto-Dominion, which has spent more than $15 billion on U.S.
acquisitions in the last five years, reiterated that the bank would
consider buying banks assisted by the Federal Deposit Insurance Corp.,
as well as non-FDIC deals for banks with assets of as much as $10
billion."
"Clark said last week that Toronto-Dominion, which has 1,000 branches in
the U.S. under the name TD Bank, doesn't need to make any more
acquisitions to expand south of the Canadian border, and will add about
30 new branches there a year."
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hereoriginal source
Business Week