TD Bank recently announced it has combined its previous commercial and corporate with speciality banking teams to create a new commercial bank. According to TD Bank, the commercial banking will drive growth as well as deliver a “better” client and colleague experiment and create efficiencies.
“TD Bank’s Commercial Bank previously encompassed Middle Market, community and small business lending, deposits, Treasury Management and point of sale solutions for companies within the Bank’s Maine to Florida footprint.”
While sharing more details about the new banking experience, Greg Braca, President and CEO, stated:
“Our Commercial Bank and Corporate and Specialty Banking teams have repeatedly demonstrated that they can deliver strong results together in any economic cycle. To continue their track record of success, we have merged these teams to build on their combined strengths and position them for long-term growth. Ultimately, it will help TD scale its core businesses and build the Commercial Bank of the future.”
TD Bank went on to add that Chris Giamo, Head of Commercial Bank, will lead the newly formed business. Marla Willner, who had led the bank’s Corporate and Specialty Bank, will take on a new role leading Commercial Credit Management for TD as well as other strategic initiatives.