Toronto Dominion Bank - TD STOCK NEWS

TD Bank has announced the launch of TD Cares, a temporary financial assistance program for customers affected by Hurricane Helene in specific regions of Florida, South Carolina, and North Carolina. The program offers support such as fee refunds for eligible consumer and business customers.

Customers seeking assistance through TD Cares can contact the bank directly with their requests. Matt Boss, Head of Consumer Banking at TD Bank, emphasized the bank's commitment to supporting the community during this challenging time, stating that their bankers are prepared to assist those in need.

For more information, customers can visit the TD Bank website, while business customers are advised to contact their relationship manager directly.

TD Bank has announced Andy Bregenzer and Jill Gateman as Co-Heads of U.S. Commercial Banking, following the upcoming retirement of Chris Giamo. In their new roles, Bregenzer will lead the Regional Commercial Bank, including Small Business, while Gateman will oversee National Commercial Banking, including Middle Market and Specialty Lending.

Bregenzer, with nearly 30 years in commercial banking, has been with TD for two decades. He previously served as EVP, Regional President for TD's NY Metro. Gateman joined TD in 2023 to lead Middle Market, Asset-Based, and Sponsor-Backed Finance business segments. She previously spent 17 years at PNC Bank as Executive Vice President and Co-Head of Corporate Banking.

Both leaders bring extensive experience in business and commercial banking, positioning them to support clients with strategic advice and industry expertise.

TD Securities (TDS) has appointed Carl Hayes as the new Head of European Cash Equities. Based in London, Hayes will report to Sharon Kim, Executive Managing Director and Region Head of Europe. This promotion supports TDS' focus on expanding its reach in European equity markets. Hayes, who joined Cowen Execution Services in 2019, has played a important role in shaping business strategy and driving execution.

The appointment aims to strengthen TDS' multi-asset capabilities and integrate market insights across asset classes. Dan Charney, Vice Chair and Co-Head of Global Markets, highlighted the team's advantage through their market-leading execution platform and award-winning content. Hayes expressed his commitment to leveraging expertise in various trading methods to enhance TDS' market position and provide value to clients.

TD Bank has been named a 2024 honoree of the Civic 50 Greater Philadelphia, recognizing its community engagement and social impact in the region. The bank scored highly in areas such as grant size, social value generation, volunteer hours, and racial equity. TD's initiatives include:

1. The TD Ready Commitment, dedicating $750 million by 2030 to drive positive change in four key areas.
2. A $1 million grant to Clarifi for affordable housing solutions.
3. A three-year Community Impact Plan providing an estimated $20 billion for diverse and underserved communities.
4. A $5 million investment in the Innovate Capital Growth Fund for minority- and women-owned businesses.
5. A $2.5 million contribution to LISC's housing program for affordable rental housing preservation.

These initiatives demonstrate TD Bank's commitment to supporting local programs and fostering inclusive communities in the Greater Philadelphia area.

TD Bank has appointed Chris Ward as the new Regional President of the Mid-South Metro, overseeing operations in Delaware, Maryland, D.C., Virginia, North Carolina, and South Carolina. Based in Charlotte, Ward will lead over 4,000 employees and manage 135 stores across the region. With more than 30 years of experience in banking, Ward brings expertise in retail banking, commercial lending, and regional banking. His appointment aligns with TD Bank's strategy to capitalize on population growth in the Mid-South and expand market share, particularly following recent retail expansion in Charlotte. Ward's background includes roles at Bank of America, Citizens Financial Group, and BBVA Group, positioning him to enhance TD Bank's services for both consumers and businesses in the region.

TD Bank has announced enhancements to its TD Cash Secured Credit Card, aligning its rewards structure with the TD Cash Credit Card. Cardholders will now earn 3% Cash Back on a category of their choice, 2% on a second category, and 1% on all other eligible purchases. The card, which uses a security deposit to provide a credit line, helps customers build credit history while maximizing rewards. Categories include Dining, Entertainment, Gas Stations, Grocery Stores, and Travel, with the option to change categories quarterly. The card also offers Visa Signature Benefits like cell phone protection and emergency card replacement. Existing cardholders will be automatically upgraded to the new rewards structure.

TD Bank's 2024 Consumer Spending Index reveals significant shifts in American spending habits and financial priorities. 50% of respondents report their biggest spending increase was on groceries over the last year, while 30% are cutting back spending due to economic concerns. Despite these challenges, 85% of Americans remain confident in their ability to manage finances.

The survey highlights the popularity of rewards credit cards, with 83% of consumers owning one. However, debit cards remain a close second for day-to-day purchases. Interestingly, only 28% of respondents have used Buy Now Pay Later (BNPL) options, with Millennials being the most frequent users.

The study also emphasizes the importance of financial education, with 70% of parents actively teaching their children about building credit. Despite the rise of digital banking tools, 56% of consumers still prefer phone support for customer service, indicating a desire for personalized assistance in financial matters.

TD Bank Group has launched the 2024 TD Ready Challenge, offering $10 million in grants for innovative solutions supporting underserved small business owners. The program aims to address systemic barriers faced by entrepreneurs, especially in industries still recovering post-pandemic. Ten grants of CDN/USD $1 million each are available to eligible charitable and non-profit organizations across TD's footprint in the U.S. and Canada.

The challenge focuses on overcoming obstacles such as insufficient funding, lack of business planning knowledge, and access to capital. It aligns with TD's broader initiatives, including the TD Ready Commitment and TD Pathways to Economic Inclusion. Applications are open until September 5, 2024, with details available at td.com/readychallenge.

TD Bank Group has launched the 2024 TD Ready Challenge, offering $10 million in grants to support underserved small business owners. The program invites charitable and non-profit organizations to submit proposals for innovative solutions that help entrepreneurs develop, launch, or grow their businesses. Ten grants of CDN $1 million or USD $1 million are available.

The challenge aims to address systemic barriers faced by underserved entrepreneurs, particularly in industries still recovering post-pandemic. It seeks to support strategies, technologies, or partnerships that can help overcome obstacles such as insufficient funding, lack of business planning knowledge, and access to capital. This initiative aligns with TD's global corporate citizenship platform and its commitment to improving economic inclusion.