Eyeing Tough Conditions, Banknorth Opts to Sell

Rieker, Matthias
November 2006
American Banker;11/21/2006, Vol. 171 Issue 224, p1
Trade Publication
The article looks at how Toronto-Dominion Bank, which owns a majority stake in TD Banknorth Inc., plans to acquire the rest of the Portland, Maine, company's shares. The deal was made at the request of TD Banknorth, which joined other Northeastern banking companies who decided to sell itself outright rather than go it alone. Comments from William J. Ryan, the chairman and chief executive officer of TD Banknorth are presented.


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