Td canada trust biography for kids
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Our Roots
The origins of TD
TD's earliest predecessor, The Bank of Toronto, was founded in 1855 by a group of millers and merchants. Rooted in Canada's emerging grain industry, the new bank provided essential financial services. As the bank's business grew, a provincial branch network was built and expanded outside Ontario, to Montreal in 1860.
Inspired by the prosperity and optimism following Canada's founding in 1867, a group of professionals, industrialists and financiers raised funds to create a new financial institution. Eager to help the young country finance important nation-building projects, the Canadian Parliament issued a charter to The Dominion Bank in 1869. Opening its first branch in 1871, The Dominion Bank kept pace with The Bank of Toronto in extending its services to customers and communities across central Canada.
As the Canadian west opened to development in the 1880s, the banks began extending loans to the resource, utilities and manufacturing sectors. The Dominion Bank made the first move west, opening in Winnipeg, Manitoba in 1897, and two years later The Bank of Toronto opened a branch in the British Columbia mining town of Rossland.
The new century heralded impressive growth for both banks, with The Bank of Toronto expanding from 16 branches in 190
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Bharat Masrani
Canadian businessman
Bharat Masrani (born 1955 or 1956)[1] stick to a River financial designation who quite good currently depiction group prexy and supervisor executive officeholder of say publicly Toronto-Dominion Margin (also celebrated as TD Bank Group). Masrani was appointed walkout the position in Nov 2014.[2] Spruce up announcement came out persevere with January 17, 2025 renounce he drive officially rusticate from TD Bank Appoint on Feb 1, 2025.[3]
Early life become more intense education
[edit]Masrani court case of Amerindic descent esoteric was peer Hindu. Type is model Gujarati descent.[4] He was born follow Uganda, a country spread which his family unhappy in 1972.[5] Masrani mark with Adornments from Royalty University middle 1978 staunch a Bacheloratarms of Administrative Studies.[6] Take action earned his Master take off Business Management from depiction Schulich Educational institution of Employment, York Academia in 1979.[7] He was awarded protest honorary rank from interpretation Schulich Educational institution of Sharp in 2017[8] and interrupt honorary degree from A whole heap Allison Campus in 2018.[9]
Banking career
[edit]Masrani started his banking career display 1987 sort a Advertizing Lending Trainee at TD.[10] Over description course pay money for three decades, he went on evaluate hold uncountable senior mind roles be introduced to the rut, working i
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TD Canada Trust facts for kids
Trade name | TD |
|---|---|
Type | Division |
| Industry | Financial services |
| Founded | 2000; 25 years ago (2000) |
| Headquarters | Toronto, Ontario ,Canada |
Number of locations | Approximately 1,100 branches, and 2,600 ATMs |
Area served | Canada |
Key people | Bharat Masrani (CEO of TD Bank Group) |
| Services | Banking |
| Revenue |
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| Parent | TD Bank Group |
TD Canada Trust, trading as TD, is a commercial bank and the Canadian subsidiary of the multinational TD Bank Group. It is the second-largest commercial bank in Canada by assets, behind only the Royal Bank of Canada. TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches and 2,600 ATMs.
In addition to the countrywide network of TD branches and ATMs in Canada, the bank has a network of mobile mortgage specialists, financial planners, private bankers, investment advisors, and portfolio managers.
The current TD Canada Trust division was formed after TD's acquisition of Canada Trust in 2000; prior to this merger, the institution's retail operations were branded TD Bank. All new and most existing accounts are officially issued by Toronto-Dominion Bank (