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Media Advisory - TD Bank Financial Group to discuss completion of TD Banknorth privatization, expected impact on Q2 segment results
TORONTO, April 25 /CNW/ - TD Bank Financial Group (TDBFG) and TD Banknorth Inc. will host an investor call and webcast to discuss the completion of the privatization of TD Banknorth, which on April 20, 2007, became a wholly-owned subsidiary of TDBFG. Comments will be shared regarding the expected impact of TD Banknorth's first-quarter earnings on TDBFG's U.S. Personal and Commercial Banking segment results for the second quarter of 2007. TDBFG plans to release its second-quarter earnings on May 24, 2007. To be webcast live via TDBFG's website at 11:00 a.m. ET on May 7, 2007, the call is expected to last about 60 minutes and will feature presentations by TDBFG executives on TD Banknorth earnings and strategy, followed by a question and answer period with analysts. On the call will be Colleen Johnston, Executive Vice President & Chief Financial Officer, TDBFG, Ed Clark, President & Chief Executive Officer, TDBFG, and Bharat Masrani, President & Chief Executive Officer, TD Banknorth. Presentation material referenced during the call will be available on TDBFG's Investor Relations website at www.td.com/investor/earnings.jsp on May 7, 2007, by approximately 11:00 a.m. ET. A listen-only telephone line is available at 416-644-3417 or toll free at 1-800-732-9307. A replay of the call will be available from May 7, 2007 (approximately an hour after the end of the call) to June 7, 2007. Please call 1-877-289-8525 toll free or 416-640-1917. The passcode is 21226460 followed by the number sign (or pound key). In addition, recordings of the presentations will be archived at www.td.com/investor/calendar_arch.jsp following the webcast and will be available for replay for a period of one month. The presentations may contain forward-looking statements including statements regarding the business and anticipated financial performance of TD Bank Financial Group. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the statements. Therefore, forward-looking statements should be considered carefully and undue reliance should not be placed on them. About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million on-line customers. TD Bank Financial Group had CDN$408 billion in assets, as of January 31, 2007. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD", as well as on the Tokyo Stock Exchange. About TD Banknorth TD Banknorth Inc. is a leading banking and financial services company headquartered in Portland, Maine and a wholly-owned subsidiary of TD Bank Financial Group. At December 31, 2006, TD Banknorth had $40 billion of total consolidated assets. TD Banknorth's banking subsidiary, TD Banknorth, N.A., operates banking divisions in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Vermont. TD Banknorth and TD Banknorth, N.A. also operate subsidiaries and divisions in insurance, wealth management, merchant services, mortgage banking, government banking, private label credit cards, insurance premium financing and other financial services and offers investment products in association with PrimeVest Financial Services, Inc. For more information, visit http://www.TDBanknorth.com.
For further information: Neil Parmenter, TD Bank Financial Group, (416) 982-4285; Jeff Nathanson, TD Banknorth, (207) 761-8517
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