Mergers & acquisitions.
Canada's third-largest bank, The Toronto-Dominion Bank,
Toronto, has agreed to buy a controlling interest in the Banknorth Group
Inc., Portland, Maine. The Toronto-Dominion Bank has CDN$312 billion in
assets. The Banknorth Group has $29.3 billion in assets. Banknorth has
350 branches, which operate under four different brands, in five New
England states plus New York state.
COPYRIGHT 2004 Bank Marketing Assn.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.
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