The company's logo

TD Banknorth, formerly "Banknorth", is a 100%-owned subsidiary of Toronto-Dominion Bank. It conducts banking and insurance activities primarily serving the northeastern area of the United States. Since August 2004, the majority owner is the Canadian Toronto-Dominion Bank upon which time it was renamed "TD Banknorth, N.A.", and all remaining shares of TD Banknorth were acquired by Toronto-Dominion Bank on April 20, 2007. The bank's headquarters are in Portland, Maine. Image File history File links Logo-banknorth-float. ... Image File history File links Logo-banknorth-float. ... The Toronto-Dominion Bank (TD) (TSX: TD NYSE: TD TYO: 8640 ) is a bank headquartered in Toronto, Ontario, Canada. ... For other uses, see Bank (disambiguation). ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... This article is about the region in the United States of America. ... The Toronto-Dominion Bank (TD) (TSX: TD NYSE: TD TYO: 8640 ) is a bank headquartered in Toronto, Ontario, Canada. ... The Toronto-Dominion Bank (TD) (TSX: TD NYSE: TD TYO: 8640 ) is a bank headquartered in Toronto, Ontario, Canada. ... Nickname: Motto: Resurgam (Latin for I will rise again) Coordinates: , Country State County Cumberland Settled 1632 Incorporated 1786 Government  - Mayor Nicholas M. Mavodones, Jr Area  - City  52. ...

Its operating companies are Banknorth Connecticut, Peoples Heritage Bank (in Maine), Banknorth Massachusetts, Bank of New Hampshire, Evergreen Bank (in New York), Hudson United Bank, Banknorth Vermont, and Bancnorth Insurance Group. The majority of these companies are branded as TD Banknorth of State (example "TD Banknorth of Maine").

Beginning April 10, 2008, TD Banknorth will be rebranded TD Commerce Bank, following the merger with New Jersey-based Commerce Bank. is the 100th day of the year (101st in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... This article is about the U.S. state. ... Commerce Bank, the name of four unrelated banks in the United States, may refer to: Commerce Bancorp, based in Cherry Hill, New Jersey, which does business as Commerce Bank in the Mid-Atlantic, Connecticut, and Florida. ...

History

The origins of Banknorth Group, now TD Banknorth, lie in a number of local Maine savings banks, and in Vermont dating back to 1802 with Woodstock National Bank. Official language(s) None (English and French de facto) Capital Augusta Largest city Portland Area  Ranked 39th  - Total 33,414 sq mi (86,542 km²)  - Width 210 miles (338 km)  - Length 320 miles (515 km)  - % water 13. ... A savings and loan association is a financial institution which specializes in accepting savings deposits and making mortgage loans. ...

The Portland Savings Bank

The Portland Savings Bank was established in 1852, and was initially open only on Wednesdays and Saturdays from 11 to 1. Albion K. Parris, Portland’s mayor, was the first President. Support of community and public projects was an important objective of the bank. It weathered the great fire of Portland and the financial panics in 1873 and 1878, and at its 50th year in 1902 had 24,000 depositors, deposits of almost $10,000,000, and a staff of nine. In 1906, a branch on Congress Street joined the Head Office branch, and nineteen years later all business moved to Congress Street. 1852 was a leap year starting on Thursday (see link for calendar). ... Albion Keith Parris (January 19, 1788–February 11, 1857) was an American politician and jurist of Maine. ... Nickname: Motto: Resurgam (Latin for I will rise again) Coordinates: , Country State County Cumberland Settled 1632 Incorporated 1786 Government  - Mayor Nicholas M. Mavodones, Jr Area  - City  52. ... 1873 (MDCCCLXXIII) was a common year starting on Wednesday (see link for calendar). ... 1878 (MDCCCLXXVIII) was a common year starting on Tuesday (see link for calendar). ... Year 1902 (MCMII) was a common year starting on Wednesday (link will display calendar) of the Gregorian calendar (or a common year starting on Tuesday [1] of the 13-day-slower Julian calendar). ... 1906 (MCMVI) was a common year starting on Monday (see link for calendar). ...

The Stock Market Crash of 1929 and the ensuing Great Depression gravely threatened the Bank. To handle the number of properties it came to own through foreclosure, the bank established a “Real Estate Department” or property management division. Returning to prosperity with the post-war mortgage boom, Portland Savings was revolutionized under the leadership of Roger Lambert, CEO from 1965 to 1981. He encouraged the creation of a more dynamic board of directors and established a wide array of bank services, following the model of the commercial banks. He expanded Portland Savings’ portfolio of commercial loans and introduced innovative retail products such as money market certificates. Between 1965 and 1981 the bank grew from 2 to 13 branches across Maine, with assets increasing from $63 to $294 million The 1929 stock market crash devastated economies worldwide The Wall Street Crash refers to the stock market crash that occurred on October 29, 1929, when share prices on the New York Stock Exchange collapsed, leading eventually to the Great Depression. ... For other uses, see The Great Depression (disambiguation). ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... AUGUST 25 1981 US Marine Sean Vance is Born on the 25th of August {ear nav|1981}} Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... This article is about short-term financing. ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... AUGUST 25 1981 US Marine Sean Vance is Born on the 25th of August {ear nav|1981}} Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ...

People’s Savings Bank

People’s Savings was founded in 1875 in Lewiston, Maine. A conservative but successful bank, it prospered with the local mill economy. Early in the twentieth century the bank innovated by opening $1 accounts for all babies born in the area, on condition that there were no withdrawals for ten years. The policy lasted into the 1970s. Christmas and vacation clubs were also established. Local banks suffered greatly from the decline of the mill economy in the 1920s and 1930s, but enjoyed a recovery during World War II, with industrial renewal and a defense bond business. In the post-war period People’s helped finance the new industries that were gradually replacing textiles in the local economy. 1875 (MDCCCLXXV) was a common year starting on Friday (see link for calendar). ... The city of Lewiston to the right, with the twin-city of Auburn on the left. ... The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... The 1920s they were sexy referred to as the Jazz Age or the Roaring Twenties, usually applied to America. ... The 1930s were described as an abrupt shift to more radical and conservative lifestyles, as countries were struggling to find a solution to the Great Depression, also known as the [[. In East Asia, the rise of militarism occurred. ... Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki Tōjō Casualties Military dead: 17,000,000 Civilian dead: 33,000...

Rockland Savings Bank/Heritage Savings Bank

Rockland Savings was established in 1868 in Rockland, Maine, (following attempts in 1855 and 1861). In 1974, it changed its name to the Heritage Savings Bank. In 1978, it merged with: Year 1868 (MDCCCLXVIII) was a leap year starting on Wednesday (link will display the full calendar) of the Gregorian Calendar (or a leap year starting on Monday of the 12-day slower Julian calendar). ... Welcome to Rockland Rockland is a city in Knox County, Maine, in the United States. ... Year 1855 (MDCCCLV) was a common year starting on Monday (link will display the full calendar) of the Gregorian Calendar (or a common year starting on Saturday of the 12-day slower Julian calendar). ... Year 1861 (MDCCCLXI) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Sunday of the 12-day slower Julian calendar). ... Year 1974 (MCMLXXIV) was a common year starting on Tuesday (link will display full calendar) of the 1974 Gregorian calendar. ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ...

• Penobscot Savings, Bangor, founded in 1869 and a pioneer in savings for children in association with the local school system. A “small conservative bank in a small conservative city,” it did not expand its branch system until 1961, when a second office was opened.
• Waterville Savings, founded in Waterville in 1869.

For other places with the same name, see Bangor. ... 1869 (MDCCCLXIX) is a common year starting on Friday (link will take you to calendar) of the Gregorian calendar or a common year starting on Sunday of the 12-day-slower Julian calendar. ... Year 1961 (MCMLXI) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... Waterville is a city in Kennebec County, Maine in the United States on the west bank of the Kennebec River. ... 1869 (MDCCCLXIX) is a common year starting on Friday (link will take you to calendar) of the Gregorian calendar or a common year starting on Sunday of the 12-day-slower Julian calendar. ...

Franklin County Savings Bank & Trust Co.

Franklin County Savings Bank was founded in 1899 in St. Albans, Vermont. The bank maintained the name Franklin County Bank until the merger with Lamoille County Bank & Trust Company in the late 1960s or early 1970s. After the merger, the bank adopted a new name, Franklin Lamoille Bank. The bank also incorporated a holding company named Banknorth. Year 1899 (MDCCCXCIX) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Friday [1] of the 12-day-slower Julian calendar). ... St. ...

Woodstock National Bank was founded in 1802 and merged into the Howard Bancorp. The Woodstock National Bank maintained its name until June 1999 when it merged into its sister bank First Vermont Bank & Trust Company. Woodstock, Vermont Woodstock is a town in Windsor County, Vermont, in the United States. ...

Granite Savings Bank & Trust Company

The Granite Saving Bank & Trust Company was founded in Barre, Vermont in 1885. The bank's original office, located on North Main Street in Barre, is now the home for a senior citizen group. The current headquarters is 36 North Main Street, Barre. Banknorth Group Inc. planned to maintain the name until they were bought out by Peoples Bank (Maine). In 2000 Granite Savings Bank & Trust merged with its sister bank The Howard Bank. Some customers never noticed the change until their bank statement arrived. Barre is a city in Washington County, Vermont, in the United States. ...

The Howard Bank N.A.

The Howard National Bank & Trust Company of Burlington, Vermont, was founded in 1870. The Bank bought out a few banks and took them under the Howard Bank name. The Bank changed and shortened its name when it became a more statewide banking company. The Bank also created a banking holding company as "Howard Bancorp" in 1995, and in 1996 the Howard Bancorp merged with Banknorth Group Inc. In the deal, Howard Bancorp decided to take on the Banknorth Group name. Burlington is the largest city in the U.S. state of Vermont and is the shire town of Chittenden County, Vermont. ...

First Vermont Bank & Trust Company

The First Vermont Bank & Trust was founded in 1906. The Company bought out Franklin Lamoille Bank and was one of the first banks to offer on-line banking for the tellers. However, when Howard Bancorp assumed Banknorth Group, they found it to expensive to upgrade their systems. In 1999 the bank took over Woodstock National Bank. In 2002, all three Vermont banks were merged into Banknorth N.A. Vermont, a division of Banknorth N.A.

The oldest route that Banknorth currently has recorded for the Vermont banking company is Woodstock National Bank. All of the Vermont banking companies date to the 1800s with the exception of First Vermont Bank from 1906.

The Merger of Portland/Peoples/Heritage

"The late 1970s and early 1980s were difficult years for the thrift industry. As inflation and interest rates soared into double digits, savings banks in Maine and elsewhere found themselves forced to pay higher interest rates to attract depositors while maintaining a large portfolio of long-term low-interest mortgages." In 1981 Portland Savings declared a loss and recognized a pressing need for consolidation in the local banking market. The following year Portland and People’s arranged a merger, and the new bank adopted the People’s name. In 1984, Peoples and Heritage merged as Peoples Heritage – a billion dollar institution with Wes Bonney as the first President. The new bank, with a total of 35 branches, moved quickly to expand its ATM network, introduce innovations such as Cashline phone banking, and develop an emphasis on commercial loans – a new development for a traditional savings bank. In 1986, in an effort to acquire capital for expansion, Peoples moved from being a mutual bank to a public corporation. The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... The 1980s refers to the years from 1980 to 1989. ... Official language(s) None (English and French de facto) Capital Augusta Largest city Portland Area  Ranked 39th  - Total 33,414 sq mi (86,542 km²)  - Width 210 miles (338 km)  - Length 320 miles (515 km)  - % water 13. ... An interest rate is the rental price of money. ... AUGUST 25 1981 US Marine Sean Vance is Born on the 25th of August {ear nav|1981}} Year 1981 (MCMLXXXI) was a common year starting on Thursday (link displays the 1981 Gregorian calendar). ... This article is about the year. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... For other uses, see Loan (disambiguation). ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... A mutual bank is a bank owned by the depositors. ... Literally a public company is a company owned by the public. ...

With its new resources the bank planned to grow its asset base from $1 billion to $4 billion within five years. This was to be accomplished through acquisitions, an expanded branch network, and a rapid increase in commercial lending and real estate. In 1988, Peoples Heritage reorganized itself as a bank holding company in order to gain greater flexibility in making bank and non-bank acquisitions. Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... A bank holding company is a company that owns two or more banks. ...

Acquisitions in the period were:

• Northeast Leasing – 1987
• Oxford Bank and Trust Company – 5 branches - 1988
• Six branches from Casco Northern Bank – 1989
• First Coastal Bank, Portsmouth, NH – 1989
• Merchants National Bank of Dover
• First National Bank of Portsmouth, founded 1824

• Had a $100 million personal trusts department, the first venture of Peoples into this area.

Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Location in Rockingham County, New Hampshire Coordinates: , Country State County Rockingham County Incorporated 1653 Government  - Mayor Steve Marchand  - City manager John P. Bohenko Area  - City  16. ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Nickname: Location within New Hampshire Coordinates: , Country United States State New Hampshire County Strafford Settled 1623 Incorporated 1623 (town) Incorporated 1855 (city) Government  - City Manager Mike Joyal  - Mayor Scott Myers  - City Council Robert Keays David Scott Catherine Cheney Dennis Ciotti Douglas DeDe Dean Trefethen Harvey Turner Area  - City  29. ... 1824 was a leap year starting on Thursday (see link for calendar). ... The term trust has several meanings: In sociology, trust is willing acceptance of one persons power to affect another. ...

Recession and crisis

In 1989 the Maine real estate market collapsed. In this period of crisis, William J. Ryan became the new President and CEO. In 1990, the recession resulted in 111 bank closures or mergers in New England. Peoples’ stock began to fall as serious problems emerged with bad loans, particularly in the faltering real estate sector, but also in the commercial realm. In the period 1990 to 1992, Peoples was losing money, and federal regulators issued a cease and desist order restricting the bank’s freedom in the loans area. In response, the management team was shaken up, and special teams were assigned to loans review and restructuring. The bank opened an innovative storefront retail real estate office to move foreclosed properties. Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Official language(s) None (English and French de facto) Capital Augusta Largest city Portland Area  Ranked 39th  - Total 33,414 sq mi (86,542 km²)  - Width 210 miles (338 km)  - Length 320 miles (515 km)  - % water 13. ... This article is about the year. ... In macroeconomics, a Recession is a decline in any countrys Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year. ... This article is about the region in the United States of America. ... Year 1992 (MCMXCII) was a leap year starting on Wednesday (link will display full 1992 Gregorian calendar). ... Bank regulations are a form of government regulation which subject banks to certain requirements, restrictions and guidelines, aiming to uphold the soundness and integrity of the financial system. ...

By mid-1992 recovery had begun. The bank had aggressively reduced its portfolio of non-performing loans, and all discernible asset quality trends were positive, resulting in a favorable impact to the bottom line. In 1993 the bank began to show a profit once more, and it re-capitalized with a rights offering in Q4 1992, generating $38 million in new capital. Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ...

Recovery and expansion

In 1993 the Peoples management held a retreat to plan strategy for future growth. Bill Ryan proposed a doubling of assets to $5 billion through a maximization of market share in Maine and acquisition of other community banks in the region Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... Official language(s) None (English and French de facto) Capital Augusta Largest city Portland Area  Ranked 39th  - Total 33,414 sq mi (86,542 km²)  - Width 210 miles (338 km)  - Length 320 miles (515 km)  - % water 13. ...

The plan resulted in the following acquisitions during the 1990s: For the band, see 1990s (band). ...

• Mid-Maine Savings – Auburn, Maine, 1993
• Bankcore, Inc / North Conway Bank – North Conway, New Hampshire, 1995
• Bank of New Hampshire, 1995 – second largest bank in New Hampshire, founded in 1875, with assets of 1.7 billion. The acquisition increased the size of Peoples by 1/3 to $4.2 billion. As well, it established People’s credentials as a commercial bank. Terms of the merger allowed The Bank of New Hampshire to keep its name and management structure.
• Family Bancorp - Haverhill, Massachusetts, 1996
• Atlantic Bancorp - Portland, Maine – 15 branch operation with assets of $470, 1997
• CFX – Keene, New Hampshire, 1997 – originally Cheshire County Savings Bank, 1897. The acquisition doubled People’s assets to $10 billion. NH branches became part of The Bank of New Hampshire, while Massachusetts branches joined Family Bancorp.
• Springfield Institution for Savings (SIS) – 1998 – Springfield, Massachusetts - 1.8 billion in assets – included Glastonbury Bank and Trust Company of Glastonbury, Connecticut
• Banknorth Group of Burlington, Vermont (1870), agreement reached in 1999

Location in Androscoggin County, Maine Coordinates: Counties Androscoggin County Area    - City {{{area_total}}} km²  - Land 59. ... North Conway is a census-designated place located in eastern Carroll County, New Hampshire. ... Year 1995 (MCMXCV) was a common year starting on Sunday. ... For other uses, see New Hampshire (disambiguation). ... 1875 (MDCCCLXXV) was a common year starting on Friday (see link for calendar). ... Location in Essex County in Massachusetts Coordinates: , Country State County Essex County Settled 1640 Incorporated 1641 Government  - Type Mayor-council city  - Mayor James J. Fiorentini Area  - City  35. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... For the band, see 1997 (band). ... Nickname: Location in Cheshire County, New Hampshire Coordinates: , Country State County Cheshire Settled 1736 Incorporated 1753 (town) Incorporated 1874 (city) Government  - Mayor Michael E.J. Blastos  - City Council Charles H. Redfern Angelo D. DiBernardo, Jr. ... 1897 (MDCCCXCVII) was a common year starting on Friday (see link for calendar). ... This article is about the U.S. state. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Nickname: Location in Hampden County in Massachusetts Coordinates: , Country State County Hampden Settled 1636 Incorporated 1852 Government  - Type Mayor-council city  - Mayor Charles Ryan (D) Area  - Total 33. ... Location of Glastonbury in Connecticut Coordinates: , Country United States State Connecticut NECTA Hartford Region Capitol Region Settled 1636 Incorporated 1693 Government  - Type Council-manager  - Town manager Richard J. Johnson  - Town council Susan Karp, Chm. ... Burlington is the largest city in the U.S. state of Vermont and is the shire town of Chittenden County, Vermont. ... Events of 2008: (EMILY) Me Lesley and MIley are going to China! This article is about the year. ...

Peoples becomes Banknorth

Former Banknorth logo

The Banknorth acquisition was the most significant to date, and with it Peoples assumed the Banknorth name. Banknorth Group Inc. was headquartered in Burlington, Vermont. The Company was the holding company for: Franklin Lamoille Bank (1899) in St. Albans; The Howard Bank N.A. (1870) in Burlington; Stratevest N.A. (Investment & Managements) in Burlington (FLB, THB, GSB, FVB, FNB, FMB, EB); Granite Savings Bank & Trust Company (1885) in Barre; Woodstock National Bank (1802) in Woodstock; First Vermont Bank & Trust Company (1906) in Brattleboro; and Farmington National Bank (1854), Farmington, New Hampshire. The merger increased Peoples' assets to $17 billion and gave it a larger presence in Massachusetts, Vermont and, through Evergreen Bank (Glens Falls, (1853), in New York. Image File history File links LogoBanknorth. ... Image File history File links LogoBanknorth. ... Burlington is the largest city in the U.S. state of Vermont and is the shire town of Chittenden County, Vermont. ... Seal of Farmington, NH Farmington is a town located in Strafford County, New Hampshire. ... Glens Falls is a city in Warren County, New York, United States. ... This article is about the state. ...

The completion of the merger was delayed by regulatory review, but on May 10, 2000, Banknorth Group Inc of Portland, Maine came into being. “The Banknorth acquisition brought into the fold eight separate community banks (Franklin Lamoille Bank N.A., The Howard Bank N.A., and First Vermont Bank N.A. in Vermont; Bank of New Hampshire under the charter of Farmington National Bank in New Hampshire; Oxford Bank & Trust, a division of Peoples Heritage Bank, and Peoples Heritage Bank in Maine; First Mass. Bank in Massachusetts; GBT, a division of First Mass Bank in Connecticut; and Evergreen Bank in New York), with 101 branches, together with an investment management firm, Stratevest, that oversaw some 4 billion in assets and a freestanding mortgage-lending unit.” Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ...

The new organization renewed its program of acquisitions. “As Banknorth expanded across the map of New England, the message remained the same: community banking values, enhanced by the resources of a major banking organization, create a better bank.”

Acquisitions in the period included:

• Andover Bancorp, $1.8 billion company – 15 branches in Essex and Middlesex counties, Massachusetts, 2001
• MetroWest – 17 branches in Boston western suburbs – slightly less than $1 billion in assets, 2001
• Ipswich Bancshares – 8 branches north of Boston, 2002
• Warren Bancorp – Essex County, Massachusetts, 2002
• Community Insurance Agencies, Inc - May, 2002
• Bancorp Connecticut – seven branches and $663 million in assets, 2002
• American Savings Bank – New Britain, Connecticut, 2003. Added $4 billion in assets and 47 branches in central Connecticut.
• CCBT Financial Companies - Parent company of Cape Cod Bank & Trust, with $1.4 billion in assets and 26 branches in Barnstable and Plymouth Counties, Massachusetts, 2003
• Boston Federal Savings Bank, subsidiary of BostonFed Bancorp, Inc., with $1.7 billion in assets and $1.2 billion in deposits, and 16 branches in Middlesex, Norfolk, Essex and Suffolk Counties, Massachusetts, 2004

In the 1990s and early 2000s, the emphasis was on the development of a financial services company in a true community bank setting. In 1997 the bank launched what would become Banknorth Insurance Group, and by 2002 built the largest insurance brokerage group in New England. By 2002 Banknorth Investment Management Group had grown out of the trust business of the Bank of New Hampshire and Banknorth Vermont’s consolidated trusts operation, Stratevest. Essex County is a county located in the northeastern part of the state of Massachusetts. ... Middlesex County is a county located in the commonwealth of Massachusetts. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Nickname: City on the Hill, Beantown, The Hub (of the Universe)1, Athens of America, The Cradle of Revolution, Puritan City, Americas Walking City Location in Massachusetts, USA Counties Suffolk County Mayor Thomas M. Menino(D) Area    - City 232. ... Also see: 2002 (number). ... Nickname: Location within the state of Connecticut Coordinates: , NECTA Region Incorporated (town) 1850 Incorporated (city) 1870 Consolidated 1905 Government  - Type Mayor-council  - Mayor Timothy T. Stewart Area  - Total 34. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... This article is about the decade of 2000-2009. ...

On December 31, 2001, the holding company, Banknorth Group, Inc., merged its seven subsidiary banks into one bank, Banknorth NA under the Peoples Heritage Bank charter dating back to 1852, with one OCC charter. Using locally relevant trade names retained the local identity in each state.

The TD acquisition

On August 26, 2004, it was announced that TD Bank Financial Group had signed an agreement with Banknorth to acquire 51% of the outstanding shares of the company for a total of $3.8 billion US. Banknorth Chairman William J. Ryan stated on the signing of the agreement: "Having TDBFG as our majority shareholder offers us the depth to continue with our strategy of acquiring high potential banks in strategic locations and positions us to move to the next level in terms of size and product capability. Both TD and Banknorth are leaders in employing a customer-focused approach to their markets and bring proven track records of successfully integrating acquisitions. I firmly believe that working with TD will be a positive experience for our shareholders, our customers and our employees." Banknorth shareholders approved the transaction at a special meeting of shareholders on February 18, 2005, and final approval was announced on March 1, 2005. In connection with the transaction, Banknorth changed its name to TD Banknorth Inc. and reincorporated in Delaware. Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The Toronto-Dominion Bank (or TD Bank) offers a range of financial products and services. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... This article is about the U.S. State of Delaware. ...

All remaining shares of TD Banknorth were acquired by Toronto-Dominion Bank on April 20, 2007. The Toronto-Dominion Bank (TD) (TSX: TD NYSE: TD TYO: 8640 ) is a bank headquartered in Toronto, Ontario, Canada. ...

Continued growth

In July, 2005, TD Banknorth announced that it had acquired Hudson United Bank, based in Mahwah, New Jersey (which took over the Middletown Savings Bank locations in New York). The acquisition significantly expanded TD Banknorth’s presence in both Connecticut and New York and extended the franchise into northern New Jersey and Philadelphia as well. The companys logo TD Banknorth, formerly Banknorth, is a 100%-owned subsidiary of Toronto-Dominion Bank. ... Map highlighting Mahwahs location within Bergen County. ... Official language(s) none (de facto English) Capital Hartford Largest city Bridgeport[2] Largest metro area Hartford Metro Area[3] Area  Ranked 48th in the US  - Total 5,543[4] sq mi (14,356 km²)  - Width 70 miles (113 km)  - Length 110 miles (177 km)  - % water 12. ... This article is about the U.S. state. ... For other uses, see Philadelphia (disambiguation) and Philly. ...

TD Banknorth announced acquisition of Interchange Financial Services Corp in April 2006, adding 30 branches in Bergen and Essex counties of New Jersey.

In January 2006, the company finalized acquisition of Boothby & Bartlett Company, a central Maine insurance agency in Waterville.

Banknorth added a sister company, TD Ameritrade, which was formed after the Ameritrade Holding Corporation acquired TD Waterhouse USA from Toronto-Dominion Bank in 2006. On November 20, 2006, TD Bank Financial & TD Banknorth entered into an agreement in which TD Bank would acquire all remaining shares of TD Banknorth held by the public for US$32.33 per share in cash. This was completed on April 20, 2007, and TD Banknorth became a wholly-owned subsidiary of TD Bank. This article does not cite any references or sources. ...

On October 2, 2007 TD Banknorth announced its plans to acquire Cherry Hill, New Jersey based Commerce Bancorp pending shareholder and regulatory approval. When this deal closes, the new company will be renamed TD Commerce Bank. In March, 2008 Commerce Bank & Trust Company of Worcester, Massachusetts filed a lawsuit against TD Banknorth, looking to bar the bank from using the name TD Commerce Bank in its existing Massachusetts branches.^[1] Cherry Hill highlighted in Camden County Cherry Hill Township is a township located in Camden County, New Jersey. ... Commerce Bancorp is a Cherry Hill, New Jersey based bank holding company that offers banking, insurance, brokerage, and investment banking services in New Jersey, Pennsylvania, New York, Delaware, and Connecticut. ... For other uses, see Worcester (disambiguation). ...

References

(All quotes derived from James Hayman, “Taken at the Flood: The Remarkable Unfinished Story of Banknorth Group”, Banknorth Group, 2003. This official history is the principal source of information for the summary.) 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... The Boston Globe (and Boston Sunday Globe) is the most widely circulated daily newspaper in Boston, Massachusetts and New England. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 95th day of the year (96th in leap years) in the Gregorian calendar. ...

See also

List of other Canadian owned US banks: Main articles: History of Canada, Timeline of Canadian history Canada has been inhabited by aboriginal peoples (known in Canada as First Nations) for at least 40,000 years. ...

• Toronto Dominion
• Harris Bank
• RBC Centura
• CIBC World Markets USA - no retail operations
• Scotia Capital - no retail operations

The Toronto-Dominion Bank (or TD Bank) offers a range of financial products and services. ... Harris Bank was founded by Norman Wait Harris. ... The Royal Bank of Canada (TSX: RY, NYSE: RY) is Canadas largest company. ... CIBC World Markets, is the investment banking division of the Canadian Imperial Bank of Commerce. ... Scotiabank (Banque Scotia)(TSX: BNS NYSE: BNS), formally known as The Bank of Nova Scotia is one of Canadas Big Five banks. ...

External links

• TD Banknorth