# TD Bank

TD Bank is a National Bank based in Cherry Hill, United States.

## Overview

- **Organization type:** National Bank
- **Headquarters:** Cherry Hill, United States
- **Region:** North America
- **Address:** Cherry Hill, NJ, United States
- **Founded:** 1855
- **Assets under management:** Undisclosed
- **Website:** td.com
- **LinkedIn:** https://www.linkedin.com/company/td-bank

## Regulatory record

- **Reports private funds:** No

## About

TD Bank is a retail banking company founded in 1852 in Cherry Hill, New Jersey. It offers personal and commercial banking services, including checking and savings accounts, credit cards, loans, and home lending. The company also provides investment and wealth management services.

## Sectors

- Financial Services
- Wealth Management
- Insurance
- Capital Markets

## Offices

- Toronto, Canada

## People

- Raymond Chun — Group President and CEO

## Questions

### How did TD Bank build its US retail franchise?

TD entered US retail banking through a series of acquisitions. The bank acquired a controlling stake in TD Banknorth in 2005 and later purchased Commerce Bancorp in 2008, inheriting Commerce's 'America's Most Convenient Bank' branding and extended-hours model. The firm then acquired Carolina First in 2010 and later built out a deposit-heavy retail network spanning the Eastern Seaboard.

### What is the relationship between TD Bank and Charles Schwab?

TD held a significant equity stake in TD Ameritrade, which merged with Charles Schwab in 2020. As part of that transaction, TD Bank received a large block of Schwab shares, making it one of Schwab's largest shareholders. The stake remains a material asset on TD's balance sheet, though the bank no longer operates a retail brokerage in the United States directly.

### How does TD Securities fit within the broader bank?

TD Securities is the wholesale and investment banking arm, providing advisory, underwriting, and sales and trading services. The division maintains particular franchise strength in Canadian energy and infrastructure sectors. It operates as a flow dealer across fixed-income, currencies, and equities markets, supporting both institutional investor clients and corporate treasuries globally.

### What is TD's actual asset management scale?

TD Asset Management operates as the principal institutional and retail investment manager for the bank, overseeing mutual funds, ETF strategies, and segregated institutional mandates. The institutional business serves Canadian pension plans and corporate clients. The firm does not publicly report consolidated assets under management in a single frequently updated figure equivalent to a standalone asset manager's reporting.

### How is TD's corporate philanthropy structured?

The bank channels giving through the TD Ready Commitment, a multi-year platform targeting community investments in financial security, environmental sustainability, health, and connected communities. The initiative operates across the bank's North American footprint and is funded from corporate earnings rather than a separate endowed foundation, meaning its annual budget depends on board-level allocation decisions each fiscal year.

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Last updated: 2026-07-06T00:38:50.144Z

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