TD Bank-Commerce Merger Chooses Shaw Systems

TD Bank-Commerce Merger

COMMERCIAL is System of Choice in TD Bank-Commerce Merger

Shortly after the TD Bank-Commerce Merger in March, Shaw’s COMMERCIAL application became the system of choice for TD Bank’s U.S. banking arm, which includes the former TD Banknorth.

TD Banknorth had been using Shaw’s COMMERCIAL solution in its Commercial Loan Operations area for almost three years to achieve enhanced system functionality, operational efficiency, and reduced operating costs. Shaw’s solution will be vital in helping the new TD Bank accommodate portfolio growth as a result of the TD Bank-Commerce Merger.

Today, TD Banknorth and Commerce Bank form one of the 20 largest commercial banking organizations in the United States with over $109 billion in assets, and provide customers with a full range of financial products and services at nearly 1,100 convenient locations from Maine to Florida. TD Banknorth, Commerce Bank and TD Bank are trade names of TD Bank, N.A.