January 13, 2006

Approval of proposal by The Toronto-Dominion Bank

For immediate release

The Federal Reserve Board on Friday announced its approval of the application filed by The Toronto-Dominion Bank, Toronto, Canada, and its subsidiary, TD Banknorth Inc., Portland, Maine, to acquire Hudson United Bancorp and its wholly owned subsidiary, Hudson United Bank, both of Mahwah, New Jersey.

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

Last Update: January 13, 2006