Toronto-Dominion Bank
Canadian bank and financial services corporation
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| February 2025 | Toronto-Dominion Bank aims to sell its 10.1% stake in Charles Schwab for about 14.6 billion USD as part of a strategic review. |
| February 1 2025 | Raymond Chun officially took over as CEO of TD Bank. Jackie Sanjuas was simultaneously named the new global head of financial crime management. |
| January 2025 | TD announced major leadership changes and compensation cuts, with an accelerated CEO transition plan. |
| December 11 2024 | Department of Justice charged a Florida-based TD employee with facilitating money laundering to Colombia. |
| October 10 2024 | FinCEN levied a record-breaking $1.3 billion penalty against TD Bank for chronic anti-money laundering (AML) law violations, part of a total settlement exceeding $3 billion. TD admitted to willfully neglecting its AML program for over a decade, allowing trillions of dollars in potentially suspicious transactions to go unchecked. |
| 2023 | Ranked 43rd in the Forbes Global 2000 list. |
| August 2023 | Announced expansion of share repurchase program, planning to repurchase 90 million shares (about 4.9 percent of outstanding shares). |
| May 2023 | TD Bank scrapped its planned acquisition of First Horizon Corporation |
| January 2023 | Boston Celtics and Boston Bruins announced a 20-year extension of the TD Garden naming rights deal, extending sponsorship through 2045. |
| August 2022 | Agreed to buy Cowen brokerage firm for an all-cash deal, with Cowen's CEO Jeffrey Solomon to join TD's securities division leadership. |
| February 2022 | TD Bank froze two personal bank accounts containing $1.1 million in funds deposited to support vaccine mandate protests in Ottawa. |
| February 28 2022 | TD Bank, N.A. announced plans to acquire First Horizon Corporation for US$13.4 billion |
| January 1 2022 | Leo Salom officially became U.S. President & CEO of TD Bank, N.A. |
| 2021 | Became the largest bank in Canada by total assets and market capitalization, and ranked as a top 10 bank in North America. |
| October 29 2021 | TD Bank, N.A. announced Leo Salom would succeed Greg Braca as the bank's U.S. President & CEO |
| March 2021 | Agreed to buy Headlands Tech Global Markets LLC to enhance automated fixed income trading platform. |
| 2019 | TD Bank Group was designated a global systemically important bank by the Financial Stability Board. |
| November 4 2019 | TD extended its partnership with the Toronto Blue Jays by acquiring naming rights to their spring training home in Dunedin, Florida, which was renamed TD Ballpark. |
| August 22 2019 | TD announced a partnership with The Shed arts center in Manhattan, becoming the lead sponsor of the 'Open Call' artist commissioning program. |
| March 10 2017 | CBC's Go Public program reported TD Bank employees admitted to increasing customers' credit limits without consent and misrepresenting investment risks to meet sales targets. The bank's stock lost 5.55 percent of its value on this day. |
| 2016 | TD Bank faced a lawsuit alleging that their coin counting machines ('Penny Arcades') were inaccurately counting coins. The lawsuit claimed that 26 cents out of every $100 was not counted, which potentially amounted to $9 million in discrepancies. |
| February 2016 | TD Bank's consumer card division purchased the Nordstrom credit card unit for $2.2 billion, expanding its portfolio of private-label cards |
| October 2015 | A class action lawsuit was filed against TD Bank for allegedly violating the Telephone Consumer Protection Act by calling consumers up to 10 times per day. Judge Jerome B. Simandle dismissed all but one of the claims in the lawsuit. |
| October 6 2015 | A motion was brought at the Halifax Pride annual general meeting to sever ties with TD Bank due to its political action committee donating over $50,000 to anti-LGBT rights politicians in the United States; the motion was ultimately defeated. |
| November 1 2014 | Bharat Masrani becomes President of Toronto-Dominion Bank |
| 2013 | TD Bank, N.A. centralized its American headquarters in Cherry Hill, New Jersey |
| October 2012 | Massachusetts attorney general announced that TD Bank misplaced unencrypted backup tapes containing sensitive customer information, including Social Security numbers and bank account numbers for 267,000 customers. The bank delayed notifying affected customers for more than six months after the data breach was discovered. |
| July 2012 | TD Bank closed approximately 100 personal bank accounts of Iranian-Canadian citizens, citing ambiguous Special Economic Measure Regulation, forcing a Vancouver family to refinance a $250,000 house mortgage in 60 days to avoid foreclosure. |
| December 1 2011 | Acquired MBNA's Canadian credit card business. |
| 2010 | A suspicious customer trading at TD Bank in the UK was fined £750,000 (US$1.16 million) by the Financial Services Authority for intentionally mismarking trading positions. |
| 2010 | Acquired Riverside National Bank of Fort Pierce and South Financial Group Inc. |
| 2010 | TD Bank, N.A. acquired South Financial Group, including 172 branches across the Carolinas and Florida, for approximately $191 million, converting these branches to the TD Bank name |
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