Welcome to our dedicated page for Toronto Domin news (Ticker: TD), a resource for investors and traders seeking the latest updates and insights on Toronto Domin stock.
The Toronto-Dominion Bank (TD) is a major North American commercial bank with significant operations in both Canada and the United States. Through its U.S. subsidiary, TD Bank, America’s Most Convenient Bank®, the group is described as one of the 10 largest banks in the U.S. by assets, serving more than 10 million customers at approximately 1,100 locations across the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. This news page focuses on company announcements, strategic updates and other developments related to TD and its U.S. and Canadian operations.
Readers can expect news about TD’s regional structure and market alignment, including updates on how the bank organizes its Mid-Atlantic and Southeast Metro regions and other parts of its footprint from Maine to Florida. Coverage also includes leadership and executive appointments across retail, commercial and small business banking, which illustrate how TD manages growth and client coverage in key markets such as North Florida, Metro Pennsylvania and South New Jersey, and the greater Charlotte, North Carolina area.
Company communications frequently highlight new products, features and customer initiatives, such as rewards redemption options for TD credit cardholders and survey-based insights into consumer spending behavior. News items may also describe programs like TD Cares, which the bank has used to outline assistance options for eligible clients affected by events such as a U.S. government shutdown.
For investors and customers following TD, this page offers a centralized view of press releases tied to strategy presentations, regional expansions, leadership changes and customer-focused initiatives. It is a useful resource for tracking how The Toronto-Dominion Bank and TD Bank adapt their operations, refine their regional presence and communicate with stakeholders across North America.
TD Bank has been ranked No. 1 for the sixth consecutive year in the total number of approved SBA loans across its Maine-to-Florida footprint for the SBA's 2022 fiscal year. The bank approved 2,134 SBA 7(a) and 504 loans, lending approximately $313 million. Additionally, TD was recognized as the #2 SBA lender nationwide, achieving top rankings in New Hampshire, New Jersey, South Carolina, and Florida. Chris Giamo, Head of Commercial Banking, emphasized the bank's commitment to supporting small businesses, which are vital to local economies.
TD Bank announced a multi-year financing agreement with Blue Nile, the largest online retailer of certified diamonds and fine jewelry. This partnership aims to offer customized credit card financing options to Blue Nile customers, available online and in 24 showrooms. As consumers face rising inflation, this collaboration is intended to provide flexible financing solutions during the upcoming holiday season. TD Bank's Retail Card Services will administer this program, enhancing customer experience through a digital-first sign-up tailored to Blue Nile's clientele.
According to TD Bank's 2022 Home Equity Trend Watch survey, 47% of homeowners are aware of their home equity, a significant rise from 32% in 2019. The survey reveals that 87% of respondents have seen an increase in their equity since purchasing their homes, yet many are hesitant to access these funds. Despite 70% feeling financially stable, over half (52%) of homeowners are unlikely to apply for home equity loans or HELOCs in the next 18 months. Renovations remain a primary use for these loans, with 43% of respondents planning to utilize them for home improvement projects.
On October 6, 2022, TD announced a $500,000 contribution to support Hurricane Ian relief efforts in the Southeast. This donation will assist local non-profits and provide financial aid to affected customers through the TD Cares program, which includes fee refunds and penalty-free withdrawals. The bank also offers disaster relief to impacted employees. Since 2002, the TD Charitable Foundation has distributed over $230 million in grants. This initiative emphasizes TD's commitment to community support and recovery from natural disasters.
TD Bank has announced a multi-year financing partnership with RH, enhancing credit card financing options for RH customers. This initiative includes a private-label credit card program offering competitive APRs, aimed at providing flexibility as consumers approach fall 2023. TD's Retail Card Services will support RH's extensive luxury home furnishings collection, promoting customer convenience and brand loyalty. Both companies align on a personalized customer relationship philosophy, expected to boost RH's market presence.
TD Bank announces the appointment of Christopher Fred as Head of U.S. Credit Cards and Unsecured Lending, effective October 3, 2022. With 26 years of industry experience, Fred previously held senior positions at Citi and Goldman Sachs. He will oversee strategic direction, operations, and customer experience initiatives for TD's diverse credit card and unsecured lending portfolio, which includes new products like the TD Double Up Credit Card.
TD Bank is one of the top 10 banks in the U.S., serving over 9.8 million customers.
TD Bank has announced a multi-year extension of its partnership with Target Corporation, continuing its role as the exclusive issuer of Target co-branded consumer credit cards. This collaboration, which began in 2013, aims to enhance customer value through the RedCard Mastercard program, offering benefits like 5% savings and rewards on various purchases. Target's RedCard holders have collectively saved over $9.7 billion over the past 12 years. The partnership reflects both companies' commitment to delivering exceptional value and an innovative card program for customers.
TD Bank plans to open approximately 15 new stores in Charlotte, North Carolina, by 2025 to accommodate population growth. The first two locations will open in summer 2023. At least 25% of these branches will be in low-to-moderate income areas. This expansion is expected to create around 100 jobs, increasing the bank's presence from 11 to 15 branches in the state. TD Bank aims to enhance services offered and meet growing consumer demands in a rapidly developing market.
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