Skip to content
 
IR Magazine Awards - Canada Winner

Corporate Overview

Frequently Asked Questions: TD Banknorth


General

  1. Where can I find historical information about TD Banknorth?
  2. Where can I find tax-related information for my TD Banknorth shares?
  3. Is TD Banknorth still traded on the New York Stock Exchange?
  4. Whom do I call if I have questions regarding the exchange of my TD Banknorth shares?
  5. Whom do I contact for replacement Form 1099s or related questions regarding dividends paid by TD Banknorth or for replacement Form 1099s or related questions regarding the acquisition of Interchange Financial Services?
  6. Whom do I call regarding lost or missing certificates of TD Banknorth common stock?
  7. What services can your transfer agent, Computershare, provide?
  8. Where can I find TD Banknorth’s current Credit Rating?
  9. I received funds which were classified as “TD Banknorth Cash Settlement Deposit”. Why did I receive these funds?

Tax-Related

  1. How can I determine my cost basis in my TD Banknorth shares?
  2. Where can I find TD Banknorth’s acquisition history?
  3. Where can I find information on TD Banknorth’s dividend history including stock splits?
  4. Where can I find information on TD Banknorth’s historical share prices?
  5. What was the price of Peoples Heritage at the time of its initial public offering?*

Going-Private Transaction

  1. What was the going-private transaction?
  2. For tax purposes, how do I account for the cash I received as a result of the April 20, 2007 acquisition by The Toronto-Dominion Bank of the remaining outstanding shares of TD Banknorth not already owned by it or its affiliates?

Interchange Financial Services Corp

  1. What was the Interchange Acquisition?
  2. For tax purposes, how do I account for the cash I received in exchange for my Interchange shares in the January 1, 2007 acquisition of Interchange?*

Hudson United Bancorp

  1. What was the Hudson United Acquisition?
  2. For tax purposes, how do I account for the cash and/or TD Banknorth common stock I received in exchange for my Hudson United shares in the January 31, 2006 acquisition of Hudson United?*

2005 Acquisition by The Toronto-Dominion Bank of Majority Stake

  1. What was the 2005 acquisition by The Toronto-Dominion Bank?
  2. For tax purposes, how do I account for the consideration I received in exchange for my Banknorth Group, Inc. shares in the March 1, 2005 sale of 51% of Banknorth Group to The Toronto-Dominion Bank?*

The Toronto-Dominion Bank (Ticker: TD)

  1. Whom do I call if I have questions regarding my common shares of The Toronto-Dominion Bank held in direct registration with the transfer agent, Computershare?
  2. How do I enroll in The Toronto-Dominion Bank’s Dividend Reinvestment Plan?
  3. Does The Toronto-Dominion Bank have a share purchase plan?

General

  1. Where can I find historical information about TD Banknorth?

    Please refer to the Historical Acquisition Information page.

 
  1. Where can I find tax-related information for my TD Banknorth shares?

    Please refer to the Tax Matters page.

 
  1. Is TD Banknorth still traded on the New York Stock Exchange?

    On April 20, 2007, TD Banknorth became a wholly-owned subsidiary of The Toronto-Dominion Bank and, as a result, is no longer publicly traded. Prior to April 20, 2007, TD Banknorth traded on the NYSE under the ticker BNK.

 
  1. Whom do I call if I have questions regarding the exchange of my TD Banknorth shares?

    Questions regarding the exchange of TD Banknorth shares should be directed to Computershare, 250 Royall Street, Canton, Massachusetts, 02021 or by calling 1-866-233-4836 within the U.S.

 
  1. Whom do I contact for replacement Form 1099s or related questions regarding dividends paid by TD Banknorth or for replacement Form 1099s or related questions regarding the acquisition of Interchange Financial Services?

    Please contact Computershare at 1-866-233-4836 or from outside the U.S. by calling 1-201-680-6578.

 
  1. Whom do I call regarding lost or missing certificates of TD Banknorth common stock?

    Please contact Computershare at 866-233-4836 or from outside the U.S. by calling 1-201-680-6578.

 
  1. What services can your transfer agent, Mellon Investor Services, provide?

    As our U.S. transfer agent, Computershare can provide you with assistance related to the following:

    • Exchange of TD Banknorth shares
    • Instructions on how to complete a Letter of Transmittal
    • Instructions on what to do about lost or mutilated stock certificates
    • Replacement Form 1099s
    • Questions regarding escheated stock and/or dividends
    • Dividend Reinvestment Statements/History
    • Historical information or statements for TD Banknorth Dividend Reinvestment and Direct Stock Purchase Plan

    To contact Computershare, please call 1-866-233-4836 or from outside the U.S. by calling 1-201-680-6578 or visit their website, www.Computershare.com

 
  1. Where can I find TD Banknorth’s current Credit Rating?

    Please see the Credit Ratings page.

  2. I received funds which were classified as “TD Banknorth Cash Settlement Deposit”. Why did I receive these funds?

    The payment relates to the settlement of the TD Banknorth Shareholders Litigation. Further information with respect to that litigation can be found at the following website:
    http://www.tdbanknorthshareholderslitigation.com

    You can also contact the Fund Administrator at 1-800-429-7281 or send an email to:
    info@tdbanknorthshareholderslitigation.com



Tax-Related

  1. How can I determine my cost basis in my TD Banknorth shares?

    Keeping track of the cost basis in your shares is your responsibility. As a general rule, neither TD Banknorth nor our current or past transfer agents can provide cost basis information unless your shares were purchased through a dividend reinvestment or direct stock purchase plan administered by a transfer agent. If your shares were acquired through such a plan, you should contact the transfer agent who administered the plan to obtain an account statement.

    For shares not purchased through a dividend reinvestment or direct stock purchase plan, your broker, financial advisor or accountant may be able to provide historical cost basis information.

 
  1. Where can I find TD Banknorth’s acquisition history?

    Please direct any inquires regarding TD Banknorth’s banking acquisitions to TD Shareholder Relations at 866-756-8936 or tdshinfo@td.com.

 
  1. Where can I find information on TD Banknorth’s dividend history including stock splits?

    Please see the Historical Acquisition Information page.

 
  1. Where can I find information on TD Banknorth’s historical share prices?

    Please see the Historical Acquisition Information page for a link to historical closing prices for TD Banknorth from December 31, 1986 through April 19, 2007 is available at [insert link or website location]. Please note that these historical prices are for Peoples Heritage Bank which went public on December 11, 1986 and ultimately became TD Banknorth Inc. On April 19, 2007, TD Banknorth Inc. became a wholly owned subsidiary of The Toronto-Dominion Bank and, as a result, is no longer publicly traded.

    Please be advised that we do not have access to share price history for banks acquired by TD Banknorth or its predecessor entities.

 
  1. What was the price of Peoples Heritage at the time of its initial public offering?*

    Peoples Heritage Bank went public on December 11, 1986 at an initial price of $15.50 per share (split-adjusted price of $7.75).



Going-Private Transaction

  1. What was the going-private transaction?

    On April 20, 2007, The Toronto-Dominion Bank acquired all of the outstanding shares of TD Banknorth not already owned by it. In this transaction, TD Banknorth shareholders had the right to receive $32.33 in cash for each share of TD Banknorth common stock.

    For information on the transaction, please refer to the proxy statement related to the merger dated March 16, 2007. †

 
  1. For tax purposes, how do I account for the cash I received as a result of the April 20, 2007 acquisition by The Toronto-Dominion Bank of the remaining outstanding shares of TD Banknorth not already owned by it or its affiliates?

    For general information on the tax consequences of the transaction, please refer to the proxy statement related to the merger dated March 16, 2007†, including the discussion of the Material United States Federal Income Tax Consequences of the Merger beginning on page 66 of the proxy statement.



Interchange Financial Services Corp

  1. What was the Interchange Acquisition?

    On January 1, 2007, TD Banknorth acquired Interchange Financial Services Corporation of Saddle Brook, New Jersey. In this transaction, Interchange shareholders had the right to receive $23.00 in cash for each share of Interchange common stock.

    For information on the transaction, please refer to the proxy statement related to the merger dated September 8, 2006.†

 
  1. For tax purposes, how do I account for the cash I received in exchange for my Interchange shares in the January 1, 2007 acquisition of Interchange?*

    For general information on the tax consequences of the transaction, please refer to the proxy statement related to the merger dated September 8, 2006, † including the discussion of the Certain Federal Income Tax Consequences beginning on page 36 of the proxy statement.



Hudson United Bancorp

  1. What was the Hudson United Acquisition?

    On January 31, 2006, TD Banknorth acquired Hudson United Bancorp of Mahwah, New Jersey. In exchange for their shares of Hudson United, certain shareholders received solely cash or stock as consideration, while others received a combination of cash and TD Banknorth common stock.

    For information on the transaction, you should refer to the prospectus related to the merger dated December 7, 2005. For a copy of the prospectus,

 
  1. For tax purposes, how do I account for the cash and/or TD Banknorth common stock I received in exchange for my Hudson United shares in the January 31, 2006 acquisition of Hudson United?*

    We cannot give tax advice. Everyone’s tax situation is different. You should consult your own tax advisor for specific tax advice. For general information on the tax consequences of the transaction, you also can refer to the prospectus related to the merger dated December 7, 2005, including the discussion of the Material United States Federal Income Tax Consequences of the Merger beginning on page 93 of the prospectus. For a copy of the prospectus,

    The tax consequences for an all stock election or a cash and stock election are complicated, and you should consult your own financial advisor for specific tax advice. For additional general information please see Illustrative Examples of the Possible Tax Treatment to Shareholders of Hudson United Bancorp.



2005 Acquisition by The Toronto-Dominion Bank of Majority Stake

  1. What was the 2005 acquisition by The Toronto-Dominion Bank?

    On March 1, 2005, The Toronto-Dominion Bank acquired 51% of the common stock of Banknorth Group, Inc. In this transaction, Banknorth Group shareholders received a combination of cash, TD Banknorth common stock and common shares of The Toronto-Dominion Bank in exchange for their shares of Banknorth Group common stock.

    For information on the transaction, you should refer to the proxy statement related to the transaction dated January 11, 2005. For a copy of the proxy statement,

 
  1. For tax purposes, how do I account for the consideration I received in exchange for my Banknorth Group, Inc. shares in the March 1, 2005 sale of 51% of Banknorth Group to The Toronto-Dominion Bank?*

    We cannot give tax advice. Everyone’s tax situation is different. You should consult your own tax advisor for specific tax advice. For general information on the tax consequences of the transaction, you also can refer to the proxy statement related to the transaction dated January 11, 2005, including the discussion of the Material United States Federal Income Tax Consequences beginning on page 74 of the proxy statement. For a copy of the proxy statement,

    As noted, you should consult your tax advisor for specific advice. For general information regarding the allocation of your tax basis between TD common shares and the "new" TD Banknorth common stock resulting from the sale of a majority interest in Banknorth to TD, please see Allocating Your Tax Basis.



The Toronto-Dominion Bank (Ticker: TD)

  1. Whom do I call if I have questions regarding my common shares of The Toronto-Dominion Bank held in direct registration with the transfer agent, Computershare?

    For questions regarding any common shares of The Toronto-Dominion Bank you may own, please contact The Toronto-Dominion Bank’s transfer agent in the United States, Computershare, at: 866-233-4836 or outside the U.S. at 1-201-680-6578.

 
  1. How do I enroll in The Toronto-Dominion Bank’s Dividend Reinvestment Plan?

    Currently Computershare is not an authorized agent for The Toronto-Dominion Bank's Dividend Reinvestment Plan. You can register in The Toronto-Dominion Bank's Dividend Reinvestment Plan by having your shares moved from direct registration with BNY Mellon Shareowner Services and into direct registration with CIBC Mellon Trust Company*. CIBC Mellon Trust Company is The Toronto-Dominion Bank’s transfer agent in Canada. In order to effect this change please contact Computershare at 866-233-4836 within the U.S or 1-201-680-6578 for shareholders outside of the U.S. or ‡ www.Computershare.com

    Please see the Dividend Reinvestment Plan page for more information.

 
  1. Does The Toronto-Dominion Bank have a share purchase plan?

    The Toronto-Dominion Bank currently does not have a share purchase plan.

 

*We cannot give tax advice. Everyone’s tax situation is different. You should consult your own tax advisor for specific tax advice. The above questions and answers have been provided to assist you in providing your tax advisor with information that will assist him or her in advising you. These materials were not intended or written to be used and cannot be used, for the purposes of avoiding tax-related penalties under federal, state or local law.

‡By clicking on this link you are leaving our website and entering a third-party website over which we have no control.

Neither TD Bank Financial Group, nor its subsidiaries or affiliates, is responsible for the content of third party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third party sites may have different Privacy and Security policies than TD Bank Financial Group. You should review the Privacy and Security policies of any third party website before you provide personal or confidential information.