The Story of Hudson United Bank and TD Banknorth

Hudson United Bank's story is one of remarkable growth and transformation, thanks in part to its merger with TD Banknorth in 2006. This strategic move marked a significant turning point for the bank.

Hudson United Bank was founded in 1869, making it a long-standing member of the community. It had a strong presence in New Jersey and New York.

The merger with TD Banknorth brought a wealth of new resources and expertise to the table, enabling Hudson United Bank to expand its services and reach a wider customer base. This partnership helped the bank to better serve its customers and stay competitive in a rapidly changing financial landscape.

Hudson United Bank was established on July 28, 1890, under the original name Hudson United Bank. It was a long-standing institution in the area.

The bank's history is marked by a series of acquisitions that expanded its reach and services. In 1972, Hudson United Bank acquired The United National Bank of Bergen County, followed by People's Trust Company in 1975.

Here's a list of some of the key acquisitions that shaped Hudson United Bank's history:

In 1999, Hudson United Bank acquired several banks, including Lafayette American Bank in Bridgeport, CT, and Bank of the Hudson in Poughkeepsie, NY.

Hudson United Bank was acquired by TD Banknorth in 2006. The acquisition was a significant event in the history of Hudson United Bank.

TD Banknorth, a leading bank in the northeastern United States, saw an opportunity to expand its presence in the region by acquiring Hudson United Bank. This move allowed TD Banknorth to tap into Hudson United Bank's customer base and branch network.

The acquisition was completed in 2006, marking a new chapter for Hudson United Bank.

Hudson United Bank's deal with TD Banknorth Inc. was a game-changer, causing shares to jump 11% on Tuesday.

TD Banknorth's acquisition of Hudson United Bancorp brings the Toronto-Dominion Bank affiliate into new markets, including eastern New York and New York City suburbs in New Jersey and southern Connecticut.

The market was mixed for other financial companies that reported earnings, with M&T Bank Corp. shares rising 2% after a 10% increase in per-share earnings.

Investors rewarded Ameritrade Holdings Inc. with a 2% price increase after it posted a 3 cent rise in per-share earnings for its fiscal third quarter.

Mercantile Bank Corp. of Grand Rapids, Mich. was among the big gainers, with a 3.7% increase in shares.

BancFirst Corp. of Oklahoma City also saw a significant gain, with a 2.8% increase in shares.

The American Banker index of 225 banking stocks dipped 0.1% on Tuesday, while the Standard & Poor's 500 edged up 0.23%.