the united states based bank . for the canadian parent company see toronto dominion bank . td bank n.a. type subsidiary industry banking financial services founded portland maine usa 1852 headquarters cherry 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 mike pedersen president & ceo number of employees 26 000 parent toronto dominion bank website tdbank.com td bank branch in chinatown washington d.c. td bank n.a. is a united states national bank chartered and supervised by the federal office of the comptroller of the currency . td bank offers banking insurance brokerage and investment banking services in connecticut delaware florida maine maryland massachusetts new hampshire new jersey new york north carolina pennsylvania rhode island south carolina vermont virginia and washington d.c. the bank is a successor to the portland savings bank which started in portland maine in 1852 and later became banknorth . 3 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 . in 2013 td bank n.a. centralized its headquarters in cherry hill new jersey u.s. 1 the company is a subsidiary of the canadian multinational toronto dominion bank based in toronto ontario . the bank s td initials first popularized in canada are used officially for all american operations . the bank embraces a retail approach to banking ; its branches are called stores and have extended operation hours . contents 1 history 2 subsequent acquisitions 3 2012 data breach 4 advertising 5 mascot 6 years opened in respective states 7 see also 8 notes 9 external links history edit on may 10 2000 after various mergers and acquisitions banknorth group inc. of portland maine banknorth came into being as a holding company for banking and insurance activities primarily serving the new england area of the united states . on december 31 2001 banknorth group inc. merged its seven subsidiary banks into one bank banknorth na under the peoples heritage bank charter dating back to 1852 with one occ charter . in august 2004 toronto dominion bank which operates as td bank financial group became the majority owner renaming it td banknorth n.a. in connection with the transaction banknorth changed its name to td banknorth inc. and reincorporated in delaware . in july 2005 td banknorth announced that it had acquired hudson united bank based in mahwah new jersey . the acquisition expanded td banknorth s presence in new york and extended the franchise into northern new jersey and philadelphia . in april 2006 td banknorth announced acquisition of interchange financial services corp. adding 30 branches in the new jersey counties of bergen and essex . banknorth added a sister company td ameritrade which was formed after the ameritrade holding corporation acquired td waterhouse usa from toronto dominion bank in 2006 . on november 20 2006 td bank financial group tdbfg and td banknorth entered into an agreement in which tdbfg would acquire all remaining shares of td banknorth . this was completed on april 20 2007 and td banknorth became a wholly owned subsidiary of tdbfg with the bank s headquarters in portland maine . on october 2 2007 tdbfg and commerce bancorp inc. of new jersey announced that they had signed a definitive agreement for tdbfg to acquire commerce bank in a 75 % stock and 25 % cash transaction valued at us 8.5 billion . under the agreement commerce shareholders received 0.4142 shares of a tdbfg common share and us 10.50 in cash in exchange for each common share of commerce bancorp inc. the consideration was negotiated on the basis of us 42.00 per share value for commerce bank . the transaction value based on the october 1 2007 closing price of tdbfg common shares was 42.37 . following the completion of the transaction tdbfg expected to take a one time restructuring charge of approximately us 490 million pre tax . the deal closed on march 31 2008 . commerce bank employees were given a welcome kit with 2 td pins to replace the previous c pin worn by staff a small bag of green m & m s and a brochure of the history of tdbfg . 4 on march 20 2008 the combined company announced it would be doing business in the united states as td commerce bank after the merger . a td banknorth competitor commerce bank & trust company of worcester massachusetts filed a lawsuit against td banknorth to bar the bank from using the name td commerce bank in its existing massachusetts branches . 5 on may 2 2008 federal judge f. dennis saylor granted a preliminary injunction prohibiting the use of the td commerce name in massachusetts branches . 6 as a result tdbfg decided not to go forward with its original rebranding plans . instead it decided that the commerce bank name red c logo and red theme would be retired and the branches would carry the brand name td bank although the america s most convenient bank tagline would remain as was originally planned . all commerce branches became td bank on october 31 2008 after a slow phasing in of the td name logos and colors in the branches . as of november 1 2008 the commerce bank website redirected to the td bank website . at the same time toronto dominion also rebranded many of the td banknorth branches in the commerce business areas as td bank while closing several branches that overlapped with commerce branches in the same area . in the td banknorth bank region the rebranding occurred in september 2009 3 which completed the merger of the two banks under the td bank brand name . subsequent acquisitions edit on may 17 2010 tdbfg announced the purchase of the south financial group based in greenville south carolina for 192 million . the south financial group owned carolina first in north and south carolina and mercantile bank in florida . the transaction added 176 locations to td bank s branch network in the southeastern united states and expanded td s footprint to include north carolina and south carolina . both banks operated under their existing names as trade names of td bank n.a. pending the completion of the deal . shareholders of the south financial group were to receive 61 million in cash while the u.s. treasury would receive 131 million . 7 8 the deal approved by the south financial group shareholders september 28 2010 was expected to mean a 216 million loss to taxpayers since the company received 347 million in bailout money . 9 on september 30 2010 td bank group completed the acquisition and merged carolina first bank and mercantile bank with td bank n.a. 3 the re branding of branches occurred in june 2011 . 3 on december 21 2010 it was announced that tdbfg would purchase chrysler financial . 10 the unit would later operate under the name td auto finance . 2012 data breach edit in october 2012 td bank notified approximately 267 000 of their customers that the company may have been affected by a data breach regarding unencrypted backup data tapes that were misplaced in their transportation earlier in march . 11 advertising edit regis philbin and kelly ripa appeared in tv commercials prior to 2011 12 starting with the change from commerce bank in 2008 . 13 with philbin announcing his retirement it was possible these commercials would end . a td spokesperson said regis and kelly have been great ambassadors for us over the years . 12 mascot edit the bank introduced its new mascot an anthropomorphic green trapezoid named td in june 2010 at the td bank philadelphia international cycling championship . 14 years opened in respective states edit this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2011 learn how and when to remove this template message state year connecticut 1852 ; saugatuck bank westport delaware 1999 florida 1911 ; farmers and dealers bank lake butler maine 1852 ; portland savings bank 3 maryland 1988 massachusetts 1827 ; springfield institution for savings new hampshire 1803 ; new hampshire strafford bank dover new jersey 1857 ; hoboken bank for savings new york 1831 ; poughkeepsie savings bank north carolina 1986 ; topsail state bank hampstead pennsylvania 1890 ; dime savings bank of chester county rhode island 2010 south carolina 1886 ; m.s. bailey and sons bankers clinton vermont 1832 ; bank of bellows falls virginia 1997 washington d.c. 1997 see also edit tdbank s branch footprint after the south financial merger td garden boston massachusetts td bank sports center hamden connecticut td bank ballpark bridgewater new jersey td ameritrade park omaha nebraska notes edit 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 . 1 . td bank website . retrieved 2015 03 19 . a b c d e company history . td bank n.a. website . retrieved on 2010 08 30 . td bank financial group to acquire commerce bancorp inc. . td bank . 2007 10 02 . kerber ross 2008 04 01 . commerce bank & trust sues to guard mass . identity . the boston globe . retrieved 2008 04 05 . eckelbecker lisa 2008 05 03 . commerce bank wins first round . worcester telegram & gazette . retrieved 2008 05 03 . td bank of canada buying sc based south financial the sun news 2010 05 18 . o daniel adam may 17 2010 . td financial buys south carolina s south financial group . charlotte business journal american city business journals inc. . retrieved 2010 07 11 . makeovers free for unemployed in myrtle beach . the sun news . 2010 09 29 . retrieved 2010 09 29 . canada s td bank bets 6 billion on u.s. auto lending . reuters . 2010 12 22 . retrieved november 9 2011 . wallack todd . td bank data breach affects 267 000 customers including 73 000 in massachusetts . the boston globe . retrieved october 13 2012 . a b td bank mulls its options as its spokesman regis philbin quits talk show . international business times . 2011 01 24 . retrieved 2011 07 11 . regis pitches td rebrand . toronto star . the canadian press . 2008 11 01 . retrieved 2011 08 18 . blumenthal jeff june 16 2010 . td mascot sporty fun and strains intellectual scrutiny . philadelphia business journal . retrieved 2010 12 29 . external links edit td bank official website td bank locations riley clint may 21 2003 . fast growing commerce bancorp counts on political ties . krtbn knight ridder tribune business news hackensack record on new york university nyu leonard n. stern school of business website . retrieved 2010 08 30 . v t e 50 largest banks and bank holding companies in the united states ally american express bancwest bank of america bank of new york mellon bb & t bbva compass bmo harris capital one charles schwab cit citigroup citizens comerica deutsche discover e trade fifth third first niagara ge capital goldman sachs hsbc bank usa huntington john deere jpmorgan chase key m & t morgan stanley mufg union mutual of omaha nationwide new york community northern trust people s united pnc popular rbc usa regions santander state farm state street suntrust svb synchrony td tiaa u.s. usaa wells fargo zions indicates the u.s. subsidiary of a non u.s. bank .