TD Bank

Office address: Toronto-Dominion Centre Toronto, ON M5K 1A2 
Year established: 1955 
Company type: banking services 
Employees: over 95,000 
Expertise: personal & commercial banking, brokerage services, mutual funds, asset management  
Parent company: N/A 
CEO and key people: Bharat Masrani, Group President and CEO 
Financing status:

TD Bank is one of Canada’s Big Five and a top 10 North American bank. With a solid history in financial services and a diverse range of products and innovations, TD Bank has established itself as a key player in the banking sector. It serves over 27.5 million customers worldwide. 

History of TD Bank 

TD traces its beginnings to two distinct banks: the Bank of Toronto, incorporated in 1855, and The Dominion Bank, which opened in 1871. Each bank grew and expanded its network in Canada and overseas. In 1955, both banks merged to form the Toronto-Dominion Bank. By this time, the new entity had 449 branches across Canada and offices in London and New York. Toronto-Dominion Bank became known as TD from 1969 onwards.  

TD’s history is marked by expansion and growth in Canada and elsewhere. The 2000s saw further partnerships and acquisitions:  

  • 2000 - Canada Trust 
  • 2005 - Banknorth 
  • 2008 - Commerce Bankcorp 
  • 2011 - Chrysler Financial and MBNA’s credit card business 

Today, TD is one of the strongest banks in Canada and North America, with TD Bank building a presence in the US as America’s Most Convenient Bank. 

Products and Services of TD Bank 

TD Bank offers a comprehensive suite of financial products and services, such as: 

  • retail banking: personal banking services, including checking and savings accounts, credit cards, and mortgage products 
  • small business banking: business banking solutions, including loans, credit lines, and cash management services 
  • Investment solutions: investment and wealth advisory services for individuals and institutions 

Culture at TD Bank 

TD Bank fosters a culture of inclusion, diversity, and corporate responsibility. It is committed to creating a work environment where employees feel valued and empowered. The bank's initiatives focus on community development, environmental sustainability, and employee engagement. 

The bank’s TD Ready Commitment is its corporate citizenship platform, a way of promoting inclusion and diversity within the organization and beyond. Among its many achievements include hitting $147 million in charitable donations, part of its goal of reaching $1 billion in donations by 2030. 

About TD Bank Group President and CEO Bharat Masrani 

Bharat Masrani, Group President and CEO of TD Bank Group since 2014, has over 35 years of banking experience. He has held various senior roles within the organization, contributing significantly to its growth and expansion. Masrani's leadership is marked by a focus on customer-centric strategies and sustainable growth. 

Masrani has Bachelor’s and MBA degrees from York University. He is one of the 50 financial industry giants featured in Wealth Professional’s Hot List 2021. 

Future at TD Bank 

Looking ahead, TD Bank is poised to continue its growth trajectory, leveraging technology and a strong leadership to enhance customer experience. The bank is committed to sustainable practices and aims to play a pivotal role in Canada’s financial services industry. 


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