TD Bank did say it will hold an investor call and audio Webcast on April 21 on the completion of the transaction and expected earnings impact followed by a question and answer period with investors and analysts. The combined bank will keep Commerce's "America's Most Convenient Bank" slogan and its customer conveniences. The Commerce name will be used in the footprints of both banks, which extend from TD Banknorth's home state of Maine to Commerce's new expansion into Florida.
TD Bank said the deal will make it the seventh-largest North American bank by branches with 2, -- almost 1, which are located in the United States. TD Bank officials have said evaluation of branch overlap in areas such as New York, New Jersey and Pennsylvania are ongoing but there have been no decisions about how many sites, if any, will be closed. He has said he will spend time in Maine and New Jersey, and said earlier this month that he plans to buy a home in the Philadelphia area.
TD said it plans to keep the Commerce model built on customer convenience and fast branch expansion. Woods liked to help others — even competitors — and was a cautious but generous banker.
His philosophy still guides Commerce Bank today: ask questions and learn as much as you can to understand the situation, and only after weighing the situation critically should you act. Then, when moving forward, do it cheerfully, pleasantly and with good will for the customer.
The culture of safe lending and compassionate service continued under the leadership of W. By the time of the stock market crash, Commerce experienced losses but, thanks to its prudence, did not take as big of a hit as other banks. When President Roosevelt called for banks to temporarily close, and customers lined up to withdraw their money, W. Kemper responded by personally handing out apples. From the s to the s, Commerce grew alongside the American economy, expanding throughout Missouri, Kansas and Illinois.
With each local bank it acquired, Commerce stayed true to its roots by investing in its new communities while remaining diligent about safe business decisions.
This emboldened the super-community banking model that Commerce still practices today. When financial crisis caused a recession in , Commerce once again remained strong thanks to the founding culture of sensibility. Commerce had steered clear of risky mortgages.
Today, Commerce continues to be a friendly, strong bank that supports personal, business and community growth. As they have for years, customers appreciate that all their banking needs are met, and by a bank that is invested in the local community. We continue to build relationships based on trust, sustained performance and a commitment to the health and vitality of the community. To learn more, consider reading " Building Commerce for Years. Careers Careers. Security Center Security Center.
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