Wednesday, October 3, 2007

TD to Acquire Commerce Bancorp Inc.

We covered the TD/Commerce Bancorp merger yesterday and posted a balance sheet and income statement comparison at the following web address(in excel, rtf, pdf and html):

http://www.ibanknet.com/spotlight/institutionspotlight2007100201.shtml

We normally make this content available, since most financial portals(the free ones) try to shoe horn banks into corporate and industrial financial statements. Many times you only end up with a few items in their statements.

It's very interesting to see TD's expansion, now includes census bureau Division 1 and Division 2, thus having a strong presence in Region 1(Northeast). Meanwhile BMO expanded into Region 2(Midwest) and RBC in Region 3(South). I don't think any Canadian Banks have moved into Region 4(West). Yet.

We seem to be following TD ... we have finished publishing Division 1 - New England, and we will soon start publishing content in Division 2 - Middle Atlantic later this month. Our new infrastructure, designed and developed by Marian Albert, is performing exceptionally well.

Have a great day!! Chris

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