We're Growing Stronger in Florida
We are pleased to announce that TD Bank, America's Most Convenient Bank®, a wholly owned subsidiary of TD Bank Financial Group, has acquired certain assets and liabilities of three Florida Banks, including 58 branches of Riverside National Bank of Florida, 3 branches of AmericanFirst Bank and 8 branches of First Federal Bank of North Florida from the FDIC, effective immediately. These transactions, combined with the success of our U.S. franchise, put us in an even stronger position as we continue to build the first truly North American bank. We're pleased to be involved in these transactions, which not only help expand our presence in the U.S., but also allow us to work with FDIC in its mission to maintain stability and public confidence in the U.S. financial system.
This is an opportunity that allows TD Bank, America's Most Convenient Bank to build an even stronger footprint in the key, fast-growing Florida market, increasing our presence to more than 100 locations. We will continue to maintain our safe and secure bank that has managed its risk carefully, allowing us to prosper in these challenging times.