TD Bank, America's Most Convenient Bank, Announces Expansion into Rhode Island

Robert A. Kolb appointed to market president, will lead bank operations throughout state

Jan 21, 2010, 10:00 ET from TD Bank

CHERRY HILL, N.J. and PORTLAND, Maine, Jan. 21 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, announced today it will expand its 1,000-plus branch network into the state of Rhode Island.

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The bank expects to open its first Rhode Island location in Barrington, Bristol County, later this year, and plans to expand throughout the state. TD Bank's current footprint comprises 12 states throughout New England, the Mid-Atlantic, and Florida, as well as the District of Columbia.

"TD Bank is thrilled to enter Rhode Island and provide its residents and businesses with the most convenient banking services in the state," said Fred Graziano, head of retail banking, TD Bank.  "Rhode Island is a natural extension of our existing footprint, and we feel this state presents us with great opportunities to grow our franchise."  

The bank also announced today that Robert A. Kolb has been named market president for TD Bank in Rhode Island. He will oversee the growth and expansion of all business lines for the bank's operations in Rhode Island.  Kolb has 28 years of banking experience and currently serves as market president for TD Bank's Central and Western Massachusetts markets.  A resident of South Kingstown, R.I., Kolb serves on the boards of the Business Improvement District of Springfield, Mass., and the Affiliated Chambers of Commerce in Western Massachusetts.

"I am excited to take on this new role, and look forward to introducing Rhode Islanders to the TD Bank brand as we grow and hire throughout the region," said Kolb.

Supporting Kolb in Rhode Island will be Louise J. Trottier, senior vice president retail banking. Trottier will manage retail sales and service within the market. Presently, Trottier oversees TD Bank's retail banking operations in Northeastern, Central, and Western Massachusetts. Trottier has 34 years of banking experience and has been a member of the TD Bank team since 1996.

TD Bank focuses on delivering award-winning customer service by providing the longest banking hours in the markets it serves, free Penny Arcade coin-counting machines, hassle-free products, free online banking and bill pay at www.tdbank.com , and treats for kids and dogs. The bank's lending professionals are local bankers making local loans, and they establish customer relationships focusing on service and the delivery of individualized financing solutions. Customers also have access to a network of 2,600 ATMs from Maine to Florida.

In 2009, TD Bank, ranked highest in customer satisfaction in the Mid-Atlantic region according to the J.D. Power and Associates 2009 Retail Banking Customer Satisfaction Study(SM). This was the fourth year in a row TD Bank ranked highest in customer satisfaction.

TD is a growth company that grows without taking undue risk and is a leader in maximizing return on every dollar of risk it takes. As a result, TD is one of the only banks in the world to avoid write-downs due to the subprime mortgage market and have a triple-A rating from Moody's.

About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 15 largest commercial banks in the United States with $142 billion in assets, and provides customers with a full range of financial products and services at more than 1,000 convenient locations from Maine to Florida. TD Bank, N.A., is headquartered in Cherry Hill, N.J., and Portland, Maine. TD Bank is a trade name of TD Bank, N.A. For more information, visit www.tdbank.com.  

TD Bank, America's Most Convenient Bank, is a member of TD Bank Financial Group of Toronto, Canada, a top 10 financial services company in North America and one of just three triple-AAA-rated banks on the New York Stock Exchange.

SOURCE TD Bank



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