Toronto Dominion Bank Group in the 21st Century

The Toronto Dominion Bank Group has come a long way since its early days. It's now one of the largest banks in Canada.

The bank's focus on innovation has been a key driver of its success. In the 21st century, it has invested heavily in digital technologies to improve customer experience.

TD Bank's commitment to community development is also noteworthy. Through its corporate social responsibility initiatives, the bank has made a significant impact on the communities it serves.

The bank's international presence has grown significantly, with operations in over 85 countries worldwide.

The Toronto Dominion Bank Group has a rich history that dates back to 1855, when the Bank of Toronto was founded by a group of businessmen.

The Bank of Toronto and the Merchants Bank of Canada merged in 1955 to form the Toronto Dominion Bank.

The Toronto Dominion Bank acquired the Canadian Bank of Commerce in 1955, creating a new entity with a large presence in the Canadian banking market.

The bank's early success was driven by its focus on serving the needs of small businesses and individuals.

Toronto Dominion Bank expanded its operations in the 1960s, opening new branches across Canada and establishing itself as a major player in the banking industry.

In 2008, the bank merged with the Canadian Imperial Bank of Commerce to form the Toronto Dominion Bank Group.

Today, the Toronto Dominion Bank Group is one of the largest banks in North America, with a presence in over 20 countries.

In the 21st century, Toronto Dominion Bank Group has been on a mission to expand its reach and services.

The bank acquired Riverside National Bank of Fort Pierce in 2010, and Chrysler Financial in the following year, which it later rebranded as TD Auto Finance.

In 2011, TD Bank acquired MBNA's Canadian credit card business and also purchased US-based Chrysler Financial for $6.3 billion, rebranding it as TD Auto Finance.

TD Bank's growth continued with the acquisition of Affiliated Computer Services' U.S. operations from TD Bank in 2014.

Under the leadership of Bharat Masrani, TD Bank went through a minor restructuring from 2014 to 2015, which included job cuts and other cost-cutting measures.

In 2018, TD Bank acquired Toronto-based artificial intelligence (AI) company Layer 6 to develop machine-learning solutions and offer more personalized customer service.

TD Bank's U.S. assets reached $423.65 billion by the end of 2021, making it the ninth-largest bank in the United States.

In 2022, TD Bank made a $13.4 billion offer for First Horizon Corp., which would have given the bank 1,560 branches in 22 U.S. states if completed.

However, the deal was ultimately canceled in May 2023 due to regulatory uncertainty.

TD Bank's expansion continued with the acquisition of US brokerage firm Cowen in July 2022 for $1.3 billion.

The bank also announced an expansion of its share repurchase program in August 2023, planning to repurchase 90 million shares, about 4.9 percent of outstanding shares.

Toronto-Dominion Bank has a strong presence in the world of sports, serving as title sponsors for several venues in Canada and the United States.

The bank holds the naming rights to the iconic TD Garden in Boston, Massachusetts, a multi-sport indoor arena that's home to the Boston Celtics and Boston Bruins.

A 20-year extension of the naming rights deal was announced in January 2023, securing the TD Garden brand until 2045.

TD Bank also sponsors other indoor stadiums, including TD Station in Saint John, New Brunswick, and TD Place Arena in Ottawa, Ontario.

The bank's sponsorship extends to TD Place at Lansdowne Park, which features an outdoor stadium called TD Place Stadium.

Additionally, TD Bank sponsors TD Stadium in London, Ontario, and TD Ballpark in Dunedin, Florida, further solidifying its presence in the sports world.

The Toronto Dominion Bank Group has a rich history of leadership and governance. The bank has had a total of seven chairmen of the board since 1955.

Byron Samuel Vanstone was the first chairman, serving from February 1, 1955 to December 31, 1956. This marked the beginning of a long line of dedicated leaders who have shaped the bank's direction.

Allen Thomas Lambert took over as chairman in 1961 and held the position for an impressive 17 years, until April 30, 1978. This demonstrates the importance of continuity and stability in leadership.

Richard Murray Thomson succeeded Lambert as chairman and served from May 1, 1978 to January 31, 1998. His tenure was marked by significant growth and expansion for the bank.

Alexander Charles Baillie was the next chairman, serving from February 1, 1998 to April 3, 2003. John Munro Thompson followed him, serving from April 3, 2003 to December 31, 2010.

Brian Michael Levitt took over as chairman in 2011 and served for 13 years, until January 31, 2024. His leadership played a crucial role in the bank's continued success.

Here is a list of the chairmen of the board, in chronological order: