Private Banking: TD Bank
Toronto-Dominion Bank, Canada’s second-largest lender, plans to expand wealth-management operations in the United States as it seeks a broader market for mutual funds and investment advice. “We’ve got lots of strengths we can deploy,” says Mike Pedersen, the bank’s head of wealth management and insurance. TD Bank, with more than 1,300 branches across the eastern United States, is converting some 59 Mercantile Bank branches in Florida after purchasing Mercantile’s parent company.
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