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Commerce Bancorp was a Cherry Hill, New Jersey âbased bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce with TD Banknorth to form TD Bank, N.A. ; all of its banks and branches were given the TD Bank logo.
TD RESPONDS, see UPDATE below: Six years after Canada's Toronto-Dominion paid $8.5 billion for Marlton-based Commerce Bancorp and its 460 branches and $48 billion in loans and other assets, scrapped their big red C signs and replaced them with white-on-green TD placards, Commerce founder Vernon Hill says the Philadelphia-based lender he's now ...