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The bank operates as TD Bank Group (in French, Groupe Banque TD) and has over 79,000 employees and over nineteen million clients worldwide. In Canada, the bank operates as TD Canada Trust and serves more than 11 million customers at over 1,100 branches. In the United States, the company operates as TD Bank (the initials are used officially for all U.S. operations). The current U.S. subsidiary was created through the merger of TD Banknorth and Commerce Bank, and serves more than 6.5 million customers with a network of more than 1,000 branches in the eastern United States. The company is ranked at number 86 on the Forbes Global 2000 2010 listing. In October 2008, the company was named in the listings of Canada's Top 100 Employers in Maclean's and Greater Toronto's Top Employers by the Toronto Star. After the Royal Bank of Canada was downgraded to Aa1 by Moody's on December 13, 2010 TD was the only member of Canada's Big Five banks with a perfect Aaa credit rating (at the time CIBC was Aa2, Scotiabank Aa1 and the Bank of Montreal Aa2). |
