Toronto-Dominion Bank

"TD Bank" redirects here. For other uses, see TD Bank (disambiguation).

Toronto-Dominion Bank
TD Bank Group
Company typePublic
ISINCA8911605092
IndustryFinancial services
Predecessors
FoundedFebruary 1, 1955; 69 years ago (1955-02-01)[note 1][1][2][3]
Headquarters
Key people
Bharat Masrani (CEO)
ServicesCommercial banking
RevenueIncrease CA$50.49 billion (2023)[4]
Decrease $10.78 billion (2023)[4]
AUMIncrease $450.5 billion (2023)[4]
Total assetsIncrease $1.96 trillion (2023)[4]
Total equityIncrease $112.1 billion (2023)[4]
Number of employees
103,762 (FTE, 2023)[4]
DivisionsTD Canada Trust
Subsidiaries
Websitewww.td.com/ca/en/about-td/

Toronto-Dominion Bank (French: Banque Toronto-Dominion), doing business as TD Bank Group (Groupe Banque TD), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks of Canada founded in Toronto, the other being the Canadian Imperial Bank of Commerce.

In 2021, according to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets and also by market capitalization, a top 10 bank in North America, and the 23rd largest bank in the world.[5] In 2019, it was designated a global systemically important bank by the Financial Stability Board.[6] In 2023, the company was ranked 43rd in the Forbes Global 2000.[7]

The bank and its subsidiaries have over 89,000 employees and over 26 million clients worldwide.[8] In Canada, the bank operates through its TD Canada Trust division and serves more than 11 million customers at over 1,091 branches. In the United States, the company operates through their subsidiary TD Bank, N.A., which was created through the merger of TD Banknorth and Commerce Bank. TD Bank serves more than 6.5 million customers in the United States with a network of over 1,200 branches in 16 states and the District of Columbia.[9]


Cite error: There are <ref group=note> tags on this page, but the references will not show without a {{reflist|group=note}} template (see the help page).

  1. ^ "Historical Fast Facts". td.com. Toronto-Dominion Bank. Retrieved December 13, 2019.
  2. ^ "TD Bank Corporate History". td.com. Toronto-Dominion Bank. Retrieved December 13, 2019.
  3. ^ Canadian company histories. Vol. 1. Gale Canada. 1996. p. 261. ISBN 1-8964-1306-4.
  4. ^ a b c d e f "2023 Q4 Earnings Report" (PDF). Investor Relations. TD Bank Financial Group. Retrieved February 12, 2023.
  5. ^ "The world's 100 largest banks, 2021". S&P Global. December 8, 2021. Retrieved December 8, 2021.
  6. ^ "Financial Stability Board (FSB) news and analysis articles". Central Banking. Retrieved January 4, 2023.
  7. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  8. ^ "Corporate Information". TD Bank. Retrieved August 7, 2015.
  9. ^ "About Us". TD Bank. Retrieved March 21, 2013.