Office address: 4140 Church Road, Mount Laurel, NJ 08054
Website: td.com
Year established: 2008
Company type: banking
Employees: 28,000+
Expertise: personal banking, small business banking, commercial banking, wealth management, vehicle financing, credit cards, home lending, digital banking, treasury management, community lending
Parent company: The Toronto-Dominion Bank
Key people: Leo Salom (CEO); Salma Salman (CFO); Andy Bregenzer, Jill Gateman, Andrew Stuart, Allison Robinson, and Paul Beltrame (executive VPs)
Financing status: corporate-backed or acquired
TD Bank is one of the largest retail banks in the US, serving over 10 million customers in 2025. It offers personal, small business, and commercial banking across 1,100 branches from Maine to Florida. The bank is backed by The Toronto-Dominion Bank and manages about $399 billion in total assets as of April 2025
TD Bank’s story goes back to 1855, when The Bank of Toronto was formed by a group of millers and merchants in Canada. The bank grew quickly, opening new branches outside Ontario and reaching Montreal by 1860. In 1869, The Dominion Bank was chartered to help finance Canada’s nation-building projects, and it opened its first branch in 1871.
Both banks expanded west as Canada developed, serving new industries and communities. By the early 1900s, they had built strong branch networks and even opened offices in London and New York. The banks weathered the Great Depression and world wars, then joined forces in 1955 to create The Toronto-Dominion Bank.
The new bank moved into international project financing and launched new products, including mutual funds and the VISA card. The 1980s and 1990s brought more growth, with TD entering money markets, real estate, and discount brokerage. TD Securities was established in 1987 to serve corporate and investment clients.
TD’s North American ambitions took off in the 2000s. The bank acquired Banknorth in 2005 and Commerce Bancorp in 2008, merging them under the TD Bank name. This move made it one of the largest banks by branch network in North America, known for its long hours and customer-first approach.
TD Bank offers a full suite of investment products and services for individuals and businesses. Here are the core investment offerings:
TD Bank’s investment core includes self-directed trading, managed portfolios, mutual funds, ETFs, and secure fixed income options. These solutions support a range of investor needs, from beginners to experienced professionals.
TD Bank states that a culture of care and support is central to its work environment. Employees are encouraged to grow, feel included, and make a positive impact. TD highlights several benefits for staff:
TD Bank reports that inclusive hiring and accessible spaces are key parts of its workplace approach. It aims for a barrier-free culture and celebrates unique backgrounds to better serve customers and communities. TD highlights ongoing efforts to improve support for diverse groups across all levels.
Leo Salom serves as president and CEO of TD Bank. Salom has nearly 30 years of experience in retail banking and wealth management across several countries. He also serves on boards for The WoodGreen Foundation and United Way, and chairs TD’s Inclusion and Diversity Leadership Committee.
The following leaders oversee core business, risk, and retail operations at TD Bank:
TD Bank’s leadership team upholds strict standards for governance and ethical conduct. These standards are central to the bank’s management and daily operations.
After a money-laundering scandal led to major fines and new restrictions, TD Bank cut pay for its top US executives. The company says these pay reductions show accountability and a renewed focus on meeting strict compliance standards. This move is meant to help TD rebuild trust with clients and regulators as it works to strengthen its future operations in the US market.
The firm has set a new growth target after paying a $3 billion fine for anti-money laundering failures. It aims to expand its wealth management and wholesale banking businesses, aiming to hire more advisers and specialists in both the US and Canada. This strategy is also designed to create stable revenue and position TD for long-term growth.
Tomczyk says discount brokerage still has no plan to buy E*Trade; the company could authorize a dividend at some point, however.
TD Ameritrade president Fred Tomczyk said today that the company will rely on its registered investment advisers to help achieve TD's goal of becoming a “premier asset gatherer.”
The Charles Schwab Corp., already having increased assets under custody for independent investment advisers this year, is preparing several products, services and technology offerings for advisers next year.
Despite its many setbacks in 2007, TD Ameritrade Institutional has one measurable edge over bigger rivals — better trade execution, according to its executives.
The gross domestic product will improve slightly because of the $150 billion economic stimulus package.
TD Bank Financial Group of Toronto will acquire Commerce Bancorp Inc. for $8.5 billion in an effort to expand its presence in the United States.
J. Thomas Bradley Jr., president of TD Ameritrade Institutional, is feeling the heat from financial advisers as he tries to balance their concerns and the demands of his parent firm, TD Ameritrade Holding Corp., to continue to increase assets.
