TD Bank Names Michael Rhodes Head of Consumer Bank

CHERRY HILL, N.J., July 7, 2015 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, has named Michael Rhodes Head of Consumer Bank.

Based in Cherry Hill, N.J., Rhodes has U.S. accountability for Retail Distribution, Retail Sales & Service Strategy, Retail Product Strategy and Development, and omni-channel strategy.

Rhodes joined TD in 2011 to lead the North American Credit Card and Merchant Services business. Under his leadership, the business has grown to become the number one credit card issuer in Canada and one of the leading card issuers in North America. Rhodes was instrumental in TD's successful acquisition of the Aeroplan and Target U.S. Credit Cards businesses.

Prior to joining TD, Rhodes held a variety of roles within the payments and banking sector, including CEO of a portfolio company backed by a top-tier private equity fund and CEO of MBNA Europe Bank Limited. His experience in the financial services industry spans more than 20 years and includes leadership roles in direct channels, operations, specialty commercial, small business, marketing and product. Rhodes has worked in the United States, the United Kingdom, Spain, Ireland and Canada.

"Michael brings to his new role a proven track record of success across the financial services and banking industry," said Mike Pedersen, President and CEO, TD Bank. "He is both driven by business results and passionate about our customers, a combination that is essential to ensuring we deliver legendary experiences. His breadth of global experience will serve him well as head of the U.S. Consumer Bank."

"TD's unique customer-centric culture and values set the bank apart," said Rhodes. "I am excited to work with the U.S. team to leverage those strengths, capitalize on opportunities and accelerate growth."

Michael earned his Master of Business Administration from The Wharton School at The University of Pennsylvania. He also holds an engineering degree from Duke University. He resides in Wilmington, Delaware.

About TD Bank, America's Most Convenient Bank
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth^®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.

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SOURCE TD Bank

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