- CEO
- Leovigildo Salom Jr.
- Full Time Employees
- 100,424
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Address
- TD Bank Tower Toronto ON Canada M5K 1A2
- IPO Date
- Dec 20, 2019
- Business
- The Toronto-Dominion Bank (TD Bank Group) operates as a multinational banking and financial services corporation headquartered in Toronto, Ontario, Canada, and founded in 1955 through the merger of the Bank of Toronto (established 1855) and the Dominion Bank (established 1871). TD provides a comprehensive range of products and services across four key business segments, including Canadian Personal and Commercial Banking through TD Canada Trust and TD Auto Finance Canada, offering everyday banking accounts, mortgages, small business lending, cash management, investments, and insurance; U.S. Retail via TD Bank, N.A. (America's Most Convenient Bank), which delivers consumer lending, real estate secured loans, auto finance, credit cards, point-of-sale payments, wealth management, and asset management to over 6.5 million customers across more than 1,170 branches in 16 states and Washington, D.C.; Wealth Management and Insurance encompassing TD Wealth (Canada), TD Direct Investing, TD Insurance, and investment brokerage for retail and institutional clients; and Wholesale Banking through TD Securities and TD Cowen, providing capital markets products, investment banking, corporate lending, and securities services to corporate, government, and institutional clients. The bank maintains over 1,060 branches in Canada serving more than 11 million customers, employs approximately 89,000 people worldwide, and supports over 26 million clients globally with $2.1 trillion in assets as of April 2025.
Recent strategic developments include a July 2025 partnership with Fiserv to enhance TD Merchant Solutions in Canada by integrating Fiserv's Clover payment processing and servicing, alongside a related divestiture of a select merchant portfolio covering 3,400 contracts and 30,000 locations expected to close in late fiscal 2025, aimed at simplifying operations and boosting financial performance. In November 2025, TD extended low-cost and no-cost banking options to Indigenous Peoples in Canada and provided a US$50 million credit facility (expandable by $25 million) to Drip Capital to support its Buyer Finance program for small and mid-sized businesses in the U.S. and Canada. Earlier initiatives encompass the 2022 acquisition of Cowen Inc. for US$1.3 billion to form TD Cowen, the February 2025 divestiture of its stake in Charles Schwab Corporation to fund share buybacks and U.S. growth amid regulatory remediation, and an ongoing share repurchase program expanded in 2023.