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TD Bank (United States)

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This article is about the United States based bank. For the Canadian parent company, see Toronto-Dominion Bank.
TD Bank, N.A.
Company typeSubsidiary
IndustryBanking, Financial services
FoundedPortland, Maine, USA (1852)
HeadquartersCherry Hill, New Jersey, U.S.[1]
Number of locations
1,301[2]
Area served
Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, Washington, D.C.
Key people
Greg Braca (CEO)
Number of employees
26,000+
ParentToronto-Dominion Bank
Websitetdbank.com
TD Bank branch in Chinatown, Washington, D.C.

TD Bank, N.A., is an American national bank. It is a successor to the Portland Savings Bank, which started in Portland, Maine, in 1852, and later became Banknorth.[3] The company is a subsidiary of the Canadian multinational Toronto-Dominion Bank based in Toronto, Ontario. The bank took its current name, TD Bank, N.A., in 2008, through the acquisition and renaming of Commerce Bank and its subsequent merger with TD Banknorth. The bank's "TD" initials, first popularized in Canada, are used officially for all American operations. In 2013, TD Bank, N.A. centralized its headquarters in Cherry Hill, New Jersey, U.S.[1]

2012 data breach

In October 2012, the Massachusetts attorney general announced that TD Bank misplaced unencrypted backup tapes with "extensive customer information, including Social Security numbers and bank account numbers." The bank initially refused to state how many customers were affected. After an inquiry by the attorney general, it stated 267,000 customers. The bank waited more than six months to notify customers.[4]

Blocking Bitcoin

In October, 2017, customers reported that TD Bank blocked credit card purchases of Bitcoin. A bank representative said "the institution does not support Bitcoin, nor does it 'deal with the kind of business'."[5]

See also

TDBank's branch footprint after the South Financial merger

Notes

  1. ^ a b Deirdre Fernandes (October 1, 2013). "TD Bank moves headquarters out of Maine - Takes base to N.J. after expansion south". The Boston Globe. Retrieved March 22, 2015. New Headquarters: Exclusively in Cherry Hill, N.J.; previously split between the New Jersey office and Portland, Maine.
  2. ^ [1]. TD Bank website. Retrieved 2015-03-19.
  3. ^ Company History. TD Bank, N.A., website. Retrieved on 2010-08-30.
  4. ^ Wallack, Todd. "TD Bank data breach affects 267,000 customers, including 73,000 in Massachusetts". The Boston Globe. Retrieved October 13, 2012. The bank told customers that two tapes disappeared in transit while being shipped to one of its location in March. The company has not been able to find the tapes. The tapes were unencrypted and contained extensive customer information, including Social Security numbers and bank account numbers, the bank told the office of Massachusetts Attorney General Martha Coakley.
  5. ^ Buntinx, BJ. "TD Bank Prevents Customers From Buying Bitcoin and Other Cryptocurrencies". The Merkle. Retrieved 19 October 2017.

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