In February 2016, TD Bank's consumer card division purchased the Nordstrom credit card unit for $2.2 billion. centralized its American headquarters in Cherry Hill, New Jersey, U.S. South Financial's branches were converted to the TD Bank name. South Financial was the parent company of Carolina First, with branch locations in North and South Carolina and Mercantile Bank, with branch locations in Florida, for about $191 million. acquired the South Financial Group and its 172 branches across the Carolinas and Florida. On May 31, 2008, TD Bank Group acquired Commerce Bank, and merged it with TD Banknorth to form TD Bank, N.A., what is now the United States subsidiary of its Canadian parent company. The Canada-based TD Bank Group then became majority owner in 2004 and renamed it "TD Banknorth, N.A." by adding the Canadian bank's popular "TD" initials. It is a successor to the Portland Savings Bank, which later became Banknorth after a series of mergers with various other New England banks. History TD Bank branch in Chinatown, Washington, D.C. TD Bank is a federally chartered bank, thus its trading name bears "N.A." letters. is headquartered in Cherry Hill, New Jersey, a proximal suburb eight miles (13 km) outside Philadelphia. bank by deposits and the 11th largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions. It operates primarily across the East Coast, in fifteen U.S. is an American national bank and the United States subsidiary of the multinational TD Bank Group.
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