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TD Bank’s Hugh Allen excited to be focused on Maryland again
The Daily Record spoke with Hugh Allen about his new role as president of TD Bank’s Mid-South Metro region and about COVID’s continued impact on the banking industry.
TD is banking on a new approach
TD Bank’s first Baltimore location is a concept project the company has never tried. The 2,275-square-foot branch at Canton Crossing features technology upgrades, such as an ATM that dispenses bills in denominations of $1, $5, $20, $50 and $100.
TD Bank paying Maryland $850K in settlement of data breach
Maryland is receiving $850,000 as part of a nine-state settlement with TD Bank over a data breach in 2012, Attorney General Douglas F. Gansler announced Thursday. “Banks are as obligated to safeguard their customers’ personal information as they are to protect their customers’ money,” Gansler said in a statement. “While it appears this breach did […]
TD Bank plans ‘concept store’ in Canton
TD Bank has begun construction on a branch in Canton Crossing, what the bank is calling its first “concept store.” The compact layout will be staffed by “financial service associates” to assist customers with day-to-day banking needs using both store and mobile technology. New ATMs will offer cash denominations of $1, $5, $20, $50, and […]
TD Bank, accused of failing to report Ponzi scheme, pays $52.5M to settle
WASHINGTON — TD Bank is paying $52.5 million to settle U.S. civil charges after regulators accused the bank of failing to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme. The Securities and Exchange Commission and the Office of the Comptroller of the Currency announced settlements Monday with the Canadian bank. The […]
In-House Interrogatory
How do you deal with office gossip? Do you think you deal with it more as an in-house counsel or while working at a law firm? ...
Movers & Shakers, 3/1: Lenahan gets promotion from TD Bank
Patricia A. (Patti) Lenahan has been promoted to senior relationship manager, commercial team lead III for TD Bank’s Metro D.C. middle market. Based in Calverton, she is part of the commercial banking team serving commercial and nonprofit clients throughout Maryland, Washington, D.C., and Virginia. Lenahan has 32 years of experience in banking, lending and financial […]
Jury finds bank liable for ex-lawyer’s Florida fraud
MIAMI — A federal jury decided Wednesday that Toronto-based TD Bank owes an investment group $67 million for its role in a $1.2 billion Ponzi scheme that was operated by a now disbarred attorney, Scott Rothstein. The verdict came in a lawsuit filed by Coquina Investments, based in Corpus Christi, Texas. It was the first […]
Baltimore County expands small business loan fund
Baltimore County Executive Kevin Kamenetz announced on Wednesday that five more banks have joined the Baltimore County Small Business Loan Partnership, bringing total commitments to the loan fund to $12,350,000 from 20 financial institutions. CFG Community Bank, Sandy Spring Bank, Peoples Bank, Northwest Savings Bank and TD Bank have joined the public-private partnership between the […]
SunTrust latest to reverse $5 monthly debit fee
NEW YORK — SunTrust Banks Inc. said on Monday it will stop charging a $5-per-month fee for using debit cards and return the fees it’s collected since June to its customers. The Atlanta-based bank followed larger rivals like Chase and Wells Fargo in backing off the fees. The retail banking division of JPMorgan Chase & […]
Banking, other deals drive stock indexes higher
NEW YORK — Financial companies led the stock market higher Tuesday after another big banking deal raised hopes that more acquisitions could be on the way. Toronto-Dominion Bank is buying Chrysler Financial, the automaker’s old lending arm, from Cerberus Capital Management LP for $6.3 billion. It was the latest example of a relatively healthy Canadian […]
TD Bank to buy Chrysler Financial for $6.3B
TORONTO — Toronto-Dominion Bank has agreed to buy Chrysler Financial, the automaker’s old lending arm, from private equity firm Cerberus Capital Management LP for $6.3 billion. The deal is the latest example of a healthy Canadian bank using their muscle to snap up U.S. institutions battered by the financial crisis. Toronto-Dominion CEO Ed Clark said […]
