In 2010, TD Bank Group (TD) added 240 stores through the acquisition of The South Financial Group, Inc. and the operations of three Florida banks purchased from the U.S. Federal Deposit Insurance Corporation (FDIC). These acquisitions were an excellent opportunity for TD to expand in the deposit-rich Florida market. On December 21, 2010, TD announced the acquisition of Chrysler Financial creating a top 5 bank-owned dealer in North America. TD, through TD Waterhouse (UK), also further built its international presence in the online brokerage market with the acquisition of the UK customer base of E*TRADE Securities Limited (UK). TD also fully acquired Ross Smith Sousa Advisors Ltd., a privately-held, Calgary-based energy advisory firm, specializing in asset acquisitions and divestitures in the oil and gas sector.
Acquisition of |
Date
Announced |
Date
Completed |
Details |
Chrysler Financial
|
December 21, 2010
|
April 1, 2011
|
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Ross Smith Sousa Advisors Ltd.
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July 8, 2010
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July 8, 2010
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The South Financial Group Inc.
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May 17, 2010
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October 1, 2010
|
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Riverside National Bank of Florida, First Federal Bank of North Florida, and AmericanFirst Bank, in an FDIC-Assisted Transaction
|
April 16, 2010
|
April 16, 2010
|
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E*TRADE Securities Limited (UK)
|
January 27, 2010
|
April 19, 2010
|
|
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