Historical Fast Facts
The Toronto - Dominion Bank was chartered on February 1, 1955 with the merger of The Bank of Toronto with The Dominion Bank. However, both Banks had long histories prior to the merger. The Bank of Toronto was founded in 1855 (began operations in 1856) and The Dominion Bank was established in 1869 (began operations in 1871). Through the years TD's growth included the creation of its wealth management division, the acquisition of Canada Trust in 2000, and its evolution into a North American bank with the acquisition of US entities including Banknorth and Commerce Bancorp in the United States.
Historical Facts
- The Bank of Toronto founded in 1855 by a group of millers and merchants
- The Dominion Bank opened its first branch in 1871
- Bank of Toronto and Dominion Bank merge in 1955 to form Toronto Dominion Bank
- The TD Shield was introduced in 1969
- TD Friends of the Environment Foundation established in 1990 by Canada Trust
- TD acquired Canada Trust in 2000
- TD's entrance into U.S. retail banking began with the acquisition of Banknorth in 2005
1856
The Bank of Toronto opens its first branch on Church Street in Toronto.
1860
The Bank of Toronto opens its first branch outside of Ontario, in Montreal.
1863
With a staff of 26 and a five branch network, The Bank of Toronto opens its head office at Church & Wellington Streets in Toronto.
1864
Founding of Huron & Erie, later to become Canada Trust in London, Ontario.
1871
The Dominion Bank opens its first branch on King Street in Toronto.
1872
Toronto General Trusts becomes Canada's first trust company.
1897-1899
The Dominion Bank and The Bank of Toronto begin expanding their branch networks westward, beginning with Winnipeg, MB, in 1897 and Rossland, BC, in 1899.
1901
Canada Trust begins operations as a subsidiary of Huron & Erie.
1911
The Dominion Bank opens its first international office in London, England.
1913
The Bank of Toronto opens its new head office at the corner of King and Bay Streets.
1914
One of Canada's early skyscrapers: The Dominion Bank opens a new head office at the corner of King and Yonge Streets in Toronto.
1919
The Dominion Bank opens an office in New York City.
1935
Bank of Canada begins operations. Bank currencies, including those of The Bank of Toronto and The Dominion Bank, begin to be phased out.
1944
Serving the needs of Canada's emerging North: The Bank of Toronto opens its first branch in Yellowknife, NWT.
1955
The Bank of Toronto and The Dominion Bank merge to form The Toronto-Dominion Bank. The newly formed TD had 449 branches and approximately 4700 employees across Canada, with offices in London, England, and New York City.
1962
An early pioneer in technology: TD purchases its first computer system.
1967
TD celebrates Canada's Centennial by establishing an Inuit Art Collection. Toronto's TD Tower opens, designed by Mies van der Rohe.
1969
TD introduces its new corporate identity, including the TD Shield as a symbol of the growing, modern bank.
1970s
TD becomes an increasingly international bank with offices and major project financing around the world.
1976
TD introduces its ATM, the Green Machine, and Canada Trust extends its hours: "Eight to Eight, Six Days Straight".
1984
Meeting the needs of self-service investors: Green Line Investor Services discount brokerage is established.
1987
Toronto Dominion Securities Inc. is established to provide corporate, treasury and investment banking services to corporate clients.
1990
Canada Trust creates Friends of the Environment Foundation.
1992
TD acquires the assets of Central Guaranty Trust.
1993
TD Evergreen - a full service brokerage launches.
1996
TD acquires Waterhouse Investor Services Inc. WebBroker, the first Internet brokerage service in Canada was also introduced.
2000
TD and Canada Trust join forces with a shared philosophy of delivering a comfortable banking experience.
2005
TD celebrates its 150th anniversary. Also in 2005, TD acquires 51% of Banknorth.
2008
TD acquires Commerce Bancorp and integrates it with TD Banknorth to form TD Bank, America's Most Convenient Bank. Also in 2008, TD is the first Canadian bank to appoint a Chief Environment Officer to lead the Bank's environmental portfolio and initiatives.
2011
TD acquires Chrysler Financial and MBNA Canada's credit card business. TD Canada Trust extends its convenient hours by opening hundreds of branches across the country on Sundays.
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