TITLE

Eyeing Tough Conditions, Banknorth Opts to Sell

AUTHOR(S)
Rieker, Matthias
PUB. DATE
November 2006
SOURCE
American Banker;11/21/2006, Vol. 171 Issue 224, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23218313

 

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