The Toronto-Dominion Bank reports developments across a North American banking franchise that includes Canadian personal and commercial banking, U.S. retail banking, wealth management and insurance, and wholesale banking. News about TD commonly covers U.S. retail operations under TD Bank, digital and embedded banking capabilities for business clients, credit card rewards, auto finance, private banking and wealth services.
Company updates also address brand and operating-model changes across Canada and the United States, regional leadership and market alignment in the U.S. footprint, community sponsorships, and consumer spending research. TD trades on the Toronto and New York stock exchanges under the symbol TD.
TD (NYSE:TD) released a nationwide HELOC Trend Watch survey of 2,012 U.S. homeowners (Aug 18–28, 2025) showing homeowners are staying put and using home equity to bolster stability amid rate uncertainty. Key findings: 74% plan to remain in their home for two years, 58% cite their existing mortgage rate as a reason not to sell, and 86% of home equity product users view a HELOC as part of their financial safety net. Current HELOC/home equity loan usage is 30%, with 67% having at least $100,000 in equity. The survey also found 84% carry non-mortgage debt and 70% of those would consider debt consolidation into a lower-rate loan.
The release highlights rising demand for debt consolidation, renovation financing, and a need for homeowner education on equity products.
TD Bank (NYSE:TD) has activated its TD Cares program to support clients affected by the U.S. Government shutdown beginning October 1, 2025. The program offers various financial relief measures including: fee refunds for overdrafts, non-TD ATM usage, and monthly maintenance; waiver of early withdrawal penalties on CDs; late fee refunds on TD Visa credit cards; and payment assistance for mortgage, home equity, personal, auto finance, and business loans.
Affected clients include federal employees, contractors, and individuals whose federal benefits are impacted by the shutdown. Support is available 24/7 through TD's phone support or at local TD Bank locations.
TD Bank (NYSE:TD) released a comprehensive survey revealing significant changes in U.S. consumer spending habits due to inflation. The study shows that 87% of Americans have modified their spending behaviors, with 29% reducing nonessential purchases and 19% actively seeking discounts.
The survey highlights that 46% of respondents cite groceries as their primary credit card expense, followed by gas at 13%. Among cardholders, 73% report carrying credit card debt, with 55% owing less than $6,000. Consumer sentiment is mixed, with 40% feeling optimistic about the economic outlook, while 38% remain pessimistic.
Regarding credit card preferences, 35% of consumers value rewards as their top benefit, with cash back being particularly popular. 34% of cardholders prefer redeeming rewards as statement credits, while 20% opt for direct deposits.
TD Bank (NYSE:TD) has signed a significant 10-year lease agreement with Northwood Office for 91,464 square feet of office space in Charlotte's Ballantyne area. The expansion more than triples the bank's current capacity from 18,514 square feet to accommodate up to 540 colleagues, up from the current 111-seat capacity.
The new space in the Harris Building includes three floors plus a ground floor suite, featuring modern amenities like a grab-and-go café, wellness areas, and sit-stand workstations. The relocation from the Irby Building is scheduled for July 2026. TD Bank currently operates five stores in Charlotte, with four featuring community store formats dedicated to nonprofit activities.
TD Bank (NYSE:TD) has appointed Marc Womack as Head of U.S. Consumer Deposit and Payment Products. In his new role, Womack will lead the Consumer Deposit and Payment Products business unit, overseeing product development, customer acquisition, and experience management for the Consumer Deposit portfolio.
Womack returns to TD Bank after working at Santander as Head of Operations for their Consumer Finance Business, where he led digital transformation initiatives. His previous experience at TD includes serving as President and CEO of TD Auto Finance and Chief of Staff to TD Bank's President & CEO. He has also held senior executive positions at major financial institutions including GE Capital, JPMorgan Chase, and Capital One.
TD Bank (NYSE:TD) has announced the promotion of Laura Nitti to Retail Market President of Metro PA & South New Jersey. In her new role, Nitti will oversee retail operations across 119 stores in multiple counties throughout Pennsylvania and New Jersey.
Nitti brings 21 years of experience at TD Bank, having started as a Store Manager in 2004. Her previous roles included Retail Market Manager for the Ocean Region, Head of Leader Academy, and Head of Retail Field Engagement. The appointment aims to strengthen TD Bank's presence in the region while enhancing customer experience and service delivery.
TD Auto Finance (NYSE:TD), a division of TD Bank, has achieved the highest ranking in Dealer Satisfaction among National Non-Captive Prime Credit Lenders in the J.D. Power 2025 U.S. Dealer Financing Satisfaction Study for the sixth consecutive year.
The company scored 864 out of 1,000 points, outperforming the segment average by 84 points. TD Auto Finance excelled in three key areas: Funding Process, Finance Provider Offerings, and E-Contracting Process. The company serves over 1.1 million consumers and 6,600 franchised dealerships across the U.S., ranking as the 8th largest bank auto lender and 12th largest overall auto lender in the U.S. market.
[ "Achieved highest dealer satisfaction ranking for 6th consecutive year", "Scored 864/1000, beating segment average by 84 points", "Ranked highest in 3 out of 5 measured factors", "Services over 1.1 million consumers and 6,600 dealerships" ]TD Bank (NYSE:TD) has appointed Chris Ward as the new Head of U.S. Small Business Banking. Ward, who joined TD Bank in June 2024 as Regional President of Mid-South Metro, brings over 35 years of experience in small business banking to the role.
In his new position, Ward will lead TD's efforts to deliver banking products, services, and advice to small business customers across the bank's U.S. footprint. The appointment reflects TD's strategic focus on strengthening its small business banking segment and delivering enhanced value to entrepreneurs and small business owners.