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Monday, March 31, 2008

It's TD Commerce bank now

   TD Bank Financial Group (NYSE: TD) formally completes its takeover of Cherry Hill's own Commerce Bancorp today.
   Canadian giant TD (short for Toronto Dominion) hasn't yet said who from the former Commerce and TD Banknorth (U.S. retail banking) management teams will do what in the merged retail banking operation, but TD's Bharat Masrani will be in overall command as president and CEO.
   Commerce may be the fastest-growing part of the amalgamation, but TD Banknorth is a lot larger. More details will come out before the planned April 21 conference call with investors, says Commerce spokesman David Flaherty. 

   Details on the April 21 call: 9 a.m. Eastern time: check TD's website at www.td.com/investor/earnings/jsp, or call 1-416-915-5762 or 1-800-594-3790 -- listen only, they're not taking questions from civilians.
Posted by Joseph N. DiStefano @ 9:53 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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