Commerce Bank N.A.

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commerce bank n.a. and td banknorth inc. - All News and Analysis

• Commerce banks to get new name

  - 2008-07-24

  It seemed a victory for the legacy of Cherry Hill's Commerce Bank when new Canadian owner Toronto Dominion said it would operate under the TD Commerce brand in the United States. Then it ran into the 12-branch Commerce Bank & Trust Co. in Worcester, Mass., which won a preliminary injunction...

  Tags: Commerce Bank N.A., TD Banknorth Inc.

• Fitch Withdraws Commerce Bank's IDR following Merger

  - 2008-06-02

  NEW YORK -- Fitch Ratings has withdrawn the long-term Issuer Default Ratings IDRs of Commerce Bank, NA and Commerce Bank/North following the merger of these two banks into TD Banknorth, NA. The name of TD Banknorth, NA has been changed to TD Bank, NA. A complete list of withdrawn ratings...

  Tags: Commerce Bank N.A., Fitch Ratings, NA, TD Banknorth Inc.

• MOODY'S UPGRADES COMMERCE, AFFIRMS TD AND TD BANKNORTH, N.A., BUT DOWNGRADES TD BANKNORTH INC.

  - 2008-03-31

  Moody's Investors Service upgraded CommerceBank, N.A. to Aa2 from A1 for long-term deposits following theacquisition of its parent, Commerce Bancorp, by Toronto-Dominion BankTD. TD's ratings were affirmed (bank financial strength at B+ andlong-term deposits at Aaa) as was Commerce Bank's B- bank financialstrength rating. Following the acquisition, Commerce Bank, N.A....

  Tags: Commerce Bank N.A., Moody's Corp., TD Banknorth Inc.

• Turmoil, Probes Spurred Commerce Takeover

  - 2007-10-08

  CHERRY HILL TD Banknorth's $8.5 billion buyout could prove to be a bargain Chalk up the coming end of Commerce Bancorp's existence as an independent company to weaknesses at the Cherry Hill-based concern, the ouster of founder and CEO Vernon Hill II three months ago, and a strong...

  Tags: Commerce Bank N.A., TD Banknorth Inc.

• Canadian bank agrees to purchase Commerce

  - 2007-10-03

  The proposed sale of Commerce Bancorp to TD Bank Financial Group, of Toronto, for $8.5 billion raises questions about the future of the Commerce brand and Commerce culture, which brought Sunday hours and other conveniences to the stodgy banking world.The Cherry Hill bank was offered for sale by its directors...

  Tags: Commerce Bank N.A., TD Ameritrade Holding Corp., TD Banknorth Inc.

• Canada's TD Bank extends US reach, buys Commerce Bancorp.

  - 2007-10-02

  WASHINGTON AFP — Canada's TD Bank Financial Group unveiled a multibillion-dollar deal Tuesday to buy US rival Commerce Bancorp that extends its reach into the United States. TD Bank, also known as Toronto-Dominion, said it plans to acquire the New Jersey-based regional bank in a 75 percent stock and...

  Tags: Commerce Bank N.A., TD Banknorth Inc.