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.
Toronto-Dominion Bank (TD) delivers comprehensive financial services across North America through its retail and wholesale banking divisions. This dedicated news hub provides investors and stakeholders with essential updates on TD's operational developments, strategic initiatives, and market positioning.
Key resources include earnings announcements, merger & acquisition disclosures, regulatory filings, and innovation milestones. Track TD's progress in digital banking advancements, cross-border financial services, and risk management practices through verified primary sources.
Users benefit from centralized access to TD's financial communications, including dividend declarations, leadership changes, and sustainability reports. Content is curated to support informed analysis of the bank's performance in Canadian personal banking, US commercial operations, and institutional financial solutions.
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TD Bank Group (TD) and First Horizon Corporation (FHN) have agreed to extend the deadline for their proposed merger from February 27 to May 27, 2023. Both banks reaffirm their commitment to the transaction, which seeks to benefit customers and communities. Shareholders of First Horizon voted overwhelmingly in favor, while progress is ongoing regarding community benefit plans. Completion of the merger is contingent upon regulatory approvals in the U.S. and Canada. This extension aims to ensure a seamless integration process and alignment of strategic goals.
TD Bank has extended its naming rights for TD Garden, Boston's premier arena, for an additional 20 years, lasting through 2045. The bank, which has held naming rights since 2005, is committing over $15 million toward community initiatives, including new programs aimed at enhancing access to the arts. The extension comes after Delaware North's completion of a $100 million renovation of the arena. TD Bank will also continue as the official bank of the Boston Bruins, promoting community engagement and fan experiences.
TD Bank has appointed Sheryl L. McQuade as the new Regional President of its New England Metro, overseeing a network of approximately 310 stores and 2,900 employees. McQuade, who joined TD in 2019, is credited with enhancing market share during her tenure. The bank reported being the No. 1 retail bank by deposits in Maine and New Hampshire as of June 30, 2022, and invested over $6 million in community grants in 2022. Her leadership aims to strengthen TD's commitment to the New England region.
On Nov. 30, 2022, TD Bank announced a strategic $5 million equity investment in Citizens Trust Bank, a black-owned Minority Depository Institution. This investment aims to bolster opportunities for minority-owned businesses in the Atlanta region. Citizens Trust Bank, founded in 1921, offers financial services and serves underserved communities. The investment aligns with TD's goals of community enrichment and diversity, reinforcing its commitment to enhancing economic equality. This move marks one of TD's significant MDI investments in the U.S.
TD Bank has announced a multi-year extension of its credit card program with Nordstrom, continuing its role as the exclusive issuer of Nordstrom's U.S. Visa and private label credit cards. The partnership, which began in 2015, demonstrates a strong collaboration aimed at enhancing customer engagement and delivering elevated shopping experiences. Both companies emphasize their commitment to innovation and meeting evolving customer needs through rewards and exclusive perks.
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.
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