Toronto-dominion Bank · TSX:TD
Toronto-dominion Bank — TD Bank Group — Merger or Acquisition (April 2010)
10 slides from Toronto-dominion Bank's merger presentation, Apr 16, 2010
Slide 1: TD Bank Acquires Riverside, First Federal and AmericanFirst in FDIC-Assisted Transaction
TD Bank Acquires Riverside National Bank of Florida, First Federal Bank of North Florida and AmericanFirst Bank in an FDIC-Assisted Transaction April 16, 2010
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements From time to time, the Bank makes written and oral forward-looking statements, including in this presentation, in other filings with Canadian regulators or the U.S. Securities and Exchange Commission (SEC), and in other communications. In addition, repres
Slide 3: Highlights
Highlights FDIC-assisted acquisition of the retail stores of Riverside ; National Bank of Florida, First Federal Bank of North Florida and AmericanFirst Bank ; Enhances presence in attractive, deposit-rich Florida market ; Accelerating our current de novo growth strategy ; High quality stores in tar
Slide 4: Transaction Overview
Transaction Overview FDIC-assisted whole bank purchase and assumption transaction with loss-share as described TD acquired certain assets and liabilities from the FDIC as receiver of Riverside National Bank of Florida, First Federal Bank of North Florida and AmericanFirst Bank Purchased US$3.8
Slide 5: Expand Retail Network
Expand Retail Network Covers 69 stores and 80 ATMs in Central Florida Opportunity to develop new stores with approximately 40 sites in pipeline Stores are modern, attractive and in good locations Add TD branding, increased hours Excellent fit with TD’s TM culture Opportunity to accelerat
Slide 6: Attractive Footprint
Attractive Footprint Pro Forma Rank in Florida1 # of Rank by Deposits Rank by Institution Stores Stores (US$MM) Deposits Wells Fargo & Co. 707 1 $64,257 2 Bank of America Corp. 666 2 $72,758 1 SunTrust Banks Inc. 566 3 $39,903 3 Regions Financial Corp. 404 4 $17,450 4 BB&T Corp. 306 5 $16,447 5 JPMo
Slide 7: Financial Impact
Financial Impact Transaction consistent with cost of building similar number of stores but at much lower risk and in an accelerated time frame Attractive yield on assets with loss share coverage Minimal capital impact No material earnings impact No significant change in financial outlook 7
Slide 8: Implementation Roadmap
Implementation Roadmap TD oversight in place effective Day 1 Conversion of all three banks expected in 3 to 6 months TD branding and product suite will be introduced at conversion New, better customer experience Conversion and implementation plan in place 8
Slide 9: Appendix
Building the better bank every day D Bank Financial Group Appendix
Slide 10: Appendix: Loss-Covered Loans and FDIC Loss-Sharing
Appendix: Loss-Covered Loans and FDIC Loss-Sharing Total Loss-Covered Loans1 US$ billion Riverside First Fed AmericanFirst Retail 1.0 0.2 0.0 Commercial 0.7 0.1 0.1 Total Loss-Covered Loans $1.7 $0.3 $0.1 $2.1 FDIC Loss-Sharing • FDIC covers 50% of loan losses up to the following thresholds: River