![]() ![]() TD Bank Group completed its purchase of TD Banknorth in 2007. TD Bank Group soon became Banknorth’s majority shareholder and the company became known as TD Banknorth. In 2004, Banknorth caught the eye of TD Bank Group of Toronto, Canada, a top 10 financial services company in North America. Founded in 1973, Commerce Bank expanded rapidly over the next 30 years into metro New York and Philadelphia, Washington D.C., and South Florida, winning new customers with WOW! service and convenience. ![]() Meanwhile, Cherry Hill, New Jersey-based Commerce Bank was turning customers into fans as America’s Most Convenient Bank. At the turn of the millennium, the opportunity for growth presented itself again as Peoples Heritage Bank, through several acquisitions, expanded deeper into New England and took the name Banknorth. The company first opened its doors as Portland Savings Bank in Portland, Maine, in 1852, and later grew through a series of mergers and became Peoples Heritage Bank in 1983. TD Bank, America's Most Convenient Bank ®, has proudly provided unparalleled convenience and legendary WOW! customer service for more than 150 years.
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