page_title: Toronto-Dominion Bank
section_title: History
hierarchical_section_title: Toronto-Dominion Bank / History
caption_attribution_description: Photographer: John Boyd February 4, 1930 &lt;a href="http://www.toronto.ca/archives/index.htm" rel="nofollow"&gt;City of Toronto Archives&lt;/a&gt; Fonds 1266, Item 19180 This image is available from the City of Toronto Archives. This tag does not indicate the copyright status of the attached work. A normal copyright tag is still required. See Commons:Licensing for more information. Deutsch&#160;| English&#160;| suomi&#160;| français&#160;| magyar&#160;| македонски&#160;| Nederlands&#160;| português&#160;| +/−
context_page_description: The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Commonly known as TD and operating as TD Bank Group, the bank was created on 1 February 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively.
  In 2017, according to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets, the second largest by market capitalization, a top-10 bank in North America, and the 26th largest bank in the world. In 2019, it was designated a global systemically important bank by the Financial Stability Board.
  The bank and its subsidiaries have over 89,000 employees and over 26 million clients worldwide. In Canada, the bank operates as TD Canada Trust and serves more than 11 million customers at over 1,091 branches. In the United States, the company operates as TD Bank. The U.S. subsidiary was created through the merger of TD Banknorth and Commerce Bank, and it serves more than 6.5 million customers with a network of more than 1,241 branches in the eastern United States.
context_section_description: The predecessors of the Toronto-Dominion Bank, the Bank of Toronto, and The Dominion Bank were established in the mid 19th century, the former in 1855 and the latter in 1869. In 1954, an agreement was reached between the Bank of Toronto and The Dominion Bank to merge the two financial institutions. The merger was later accepted by the Canadian Minister of Finance on 1 November 1954, and was made official on 1 February 1955. The new institution adopted the name Toronto-Dominion Bank.
  In 1967, TD Bank opened its new head office, the Toronto-Dominion Centre in downtown Toronto. In the next year, the bank entered into a partnership with Chargex (later known as Visa Inc.). The TD Bank shield logo was unveiled to the public near the end of the decade, in 1969.
  In 1976, TD Bank piloted its first automated teller machine (ATM), the TD 360, which was renamed The Green Machine, a name it continues to carry.
  In 1987, Toronto Dominion Securities Inc. was established by the bank. TD Bank saw growth in the 1990s, with the acquisition of several financial assets including the commercial branches of Standard Chartered Bank of Canada. In 1992, the bank acquired the assets and branches of Central Guartanty Trust, as well as Waterhouse Investor Services in 1996.
  In 1992, TD Bank and G4S Cash Solutions, a subsidiary of British security services company G4S plc, began a pilot project in Toronto that developed into a nationwide partnership in 1997. G4S Cash Solutions secured the contract to transport cash and provide first-line maintenance for the bank's ATMs – both cash dispensing and deposit pick up units." By 2010, the partnership had expanded where G4S Cash Solutions operated 2,577 ATMs, 1,093 branch night deposits, 95 weekly balanced cash dispensers as well as eight cash dispensers for branch tellers and 100 across the pavement services and hosted a discussion on the introduction of polymer banknotes in 2011 with leading Canadian financial institutions.
  TD Bank formed a partnership with Bank of Montreal (BMO) and Royal Bank of Canada (RBC) in 1996 to create Symcor, a private entity that offers transaction services such as item processing, statement processing and cash-management services to major banks and retail and telecommunications companies in Canada. In 2011, Symcor produces close to 675 million statements and more than two billion pages of customer statements, and processes three billion cheques annually.
  In 1998, TD Bank and the Canadian Imperial Bank of Commerce agreed to a merger. However, the Government of Canada, at the recommendation of then Minister of Finance Paul Martin, blocked the merger, as well as another proposed merger between the Bank of Montreal and the Royal Bank of Canada – believing it was not in the best interest of Canadians. In 2000, Toronto-Dominion Securities bought Newcrest Capital for $224 million (75 per cent in stock and 25 per cent in cash). In the same year, TD Bank also acquired Canada Trust, re-branding most of its commercial banking operations in Canada as TD Canada Trust.
caption: The Dominion Bank in 1930.
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