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| TD Bank | |
| Company type | Subsidiary |
| Industry | |
| Founded | January 1852, in Portland, Maine, U.S. |
| Headquarters | Cherry Hill, New Jersey, United States[1] |
Number of locations | 1,158[2] |
Area served | Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington, D.C. |
Key people | Leo Salom (CEO) |
| Total assets | US$430 billion (2022)[2] |
Number of employees | 26,714 (2022)[2] |
| Parent | Toronto-Dominion Bank |
| Website | www |
TD Bank, N.A. is an American national bank and the United States subsidiary of the Canadian multinational TD Bank Group. It operates primarily across the East Coast, in 15 U.S. states and Washington, D.C. TD Bank is the seventh-largest U.S. bank by deposits and the 10th largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions. TD Bank, N.A. is headquartered in Cherry Hill, New Jersey, an inner suburb eight miles (13 km) outside Philadelphia. TD Bank is a federally chartered bank, thus its trading name bears "N.A." letters.
On October 10, 2024, in a historic settlement with U.S. authorities, TD pleaded guilty and agreed to pay $3 billion in combined penalties for money laundering conspiracy over a decade, including failure to monitor trillions in potentially suspicious transactions annually, necessitating a four-year independent monitorship and comprehensive AML reforms.[3][4][5][6]
- ^ "Media Contact Room". TD Bank. Archived from the original on February 27, 2021. Retrieved February 10, 2021.
- ^ a b c "Company Fact Sheet" (PDF). TD Bank. Archived from the original (PDF) on October 13, 2022. Retrieved October 28, 2022.
- ^ Cowley, Stacy; Goldstein, Matthew; Copeland, Rob (October 10, 2024). "TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case". The New York Times. Retrieved October 10, 2024.
- ^ Stein, Perry (October 10, 2024). "TD Bank pleads guilty to enabling money laundering and other crimes". The Washington Post. Retrieved October 10, 2024.
- ^ "FinCEN Assesses Record $1.3 Billion Penalty against TD Bank". Financial Crimes Enforcement Network. October 10, 2024. Archived from the original on October 24, 2024. Retrieved October 10, 2024.
- ^ "Office of Public Affairs | TD Bank Pleads Guilty to Bank Secrecy Act and Money Laundering Conspiracy Violations in $1.8B Resolution | United States Department of Justice". www.justice.gov. October 10, 2024. Archived from the original on November 8, 2024. Retrieved October 11, 2024.