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TD Bank Financial Group to Acquire Commerce Bancorp Inc.
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TD Bank Financial Group to Acquire Commerce Bancorp Inc.
TD Bank Financial Group (TDBFG) (TSX and NYSE: TD) and New Jersey-based Commerce Bancorp Inc. (NYSE: CBH) today announced that they have signed a definitive agreement for TDBFG to acquire Commerce Bank in a 75% stock and 25% cash transaction valued at US$8.5 billion.
| Related Bank / Thrift |
Assets |
Asset Concentration |
| Commerce Bank, National Association |
43,643,120 |
Mortgage Lending Specialization |
| TD BankNorth, National Association |
43,027,878 |
Commercial Lending Specialization |
| TD Bank USA, National Association |
16,849,322 |
All Other Specialization > 1 Billion |
| Commerce Bank/North |
4,899,400 |
Mortgage Lending Specialization |
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