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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 13, 2008

For immediate release

The Federal Reserve Board on Thursday announced its approval of the proposal by Toronto-Dominion Bank, Toronto, Canada, to form bank holding companies, and to acquire Commerce Bancorp, Inc. (“Commerce”), Cherry Hill, New Jersey, and Commerce’s two subsidiary banks, Commerce Bank/North, Ramsey, New Jersey, and Commerce Bank, National Association, Philadelphia, Pennsylvania; and to acquire Commerce’s minority interest in Pennsylvania Commerce Bancorp, Inc., Harrisburg, a bank holding company that controls one subsidiary bank, Commerce Bank/Harrisburg, National Association, Lemoyne, both of Pennsylvania.

Attached is the Board's Order relating to this action.

Attachment (1.13 MB PDF)

 
Last update: March 13, 2008