South Financial — Merger or Acquisition (June 2010)
15 slides from South Financial's merger presentation, Jun 29, 2010
Slide 1: Presentation to Rising State Leaders
Presentation to Rising State Leaders June 28th, 2010 Howie Millard Director of Government Relations TD Bank Financial Group
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements From time to time, The Toronto-Dominion Bank (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 communi
Slide 3: Additional Information
Additional Information The proposed merger transaction involving The Toronto-Dominion Bank and The South Financial Group, Inc. will be submitted to The South Financial Group, Inc.'s shareholders for their consideration. The Toronto-Dominion Bank and The South Financial Group, Inc. have filed with th
Slide 4: TD's Vision and Strategy
TD's Vision and Strategy Our vision is to be the better bank. We will be the best run, customer- focused, integrated financial institution, with a unique and inclusive employee culture. Deliver legendary customer experiences Be an extraordinary place to work Operate with excellence Understand our bu
Slide 5: Key Businesses At a Glance
Key Businesses At a Glance "P&C" refers to Personal and Commercial Banking. TDBFG had a reported investment in TD Ameritrade of 44.8% as at April 30, 2010. Wholesale Wealth Management Global Wealth TD Ameritrade2 Wholesale U.S. Retail Canadian Retail Canadian P&C1 U.S. P&C1 Business Segments Earning
Slide 6: Building the Better Bank
Building the Better Bank TD made a strategic decision to exit the structured product area in 2005 TD is now a top 10 bank in North America One of the few Aaa rated banks on the NYSE More than 17 million customers worldwide, of which 6.5 million are in the United States Tier 1 Capital Ratio of 12% Co
Slide 7: Recent U.S. acquisitions
Recent U.S. acquisitions TD has focused on growth in the U.S. P&C market On April 16th 2010, TD acquired certain assets and liabilities from the FDIC as receiver of 3 Florida banks: Riverside National Bank of Florida, First Federal Bank of North Florida and AmericanFirst Bank Covered 69 stores and 8
Slide 8: Recent U.S. acquisitions
Recent U.S. acquisitions Recent U.S. acquisitions TD has focused on growth in the U.S. P&C market On April 16th 2010, TD acquired certain assets and liabilities from the FDIC as receiver of 3 Florida banks: Riverside National Bank of Florida, First Federal Bank of North Florida and AmericanFirst Ban
Slide 9: Significant Scale and Attractive Footprint
Significant Scale and Attractive Footprint1 More than 1,200 stores in 15 states and the District of Columbia Located in top MSAs Presence in 10 of the 15 wealthiest states2 Strong positions in our markets Top 5 in deposits in 8 states3 Solid entry point for growth in North Carolina All measures on t
Slide 10: The Canadian Economy has Outperformed
The Canadian Economy has Outperformed One of the 10 most competitive economies Soundest banking system in the world Canadian economy outperformed over the last decade Average annual real GDP growth of 2.7% from 1997 to 2009 Canadian economy beginning to show signs of recovery Strong Canadian housing
Slide 11: Solid Financial System in Canada
Solid Financial System in Canada Strong retail and commercial banks Conservative lending standards All major wholesale dealers owned by Canadian banks, with stable retail earnings base to absorb any wholesale write-offs Responsive government and central bank Proactive policies and programs to ensure
Slide 12: Important differences between the Canadian and US systems
Important differences between the Canadian and US systems Unlike U.S. regulatory structures, Canada has one regulator for all major banks - - the Office of the Superintendant of Financial Institutions (OSFI) OSFI has focused on capital, and particularly the quality of capital Basel II was in place b
Slide 13: Differences between the Canadian and U.S. mortgage markets
Differences between the Canadian and U.S. mortgage markets Canada Products Conservative product offerings: Fixed or variable interest rate option New regulations on default insured mortgages implemented in April 2010 have moved the qualifying rate to a 5 year fixed rate on loans with variable rates
Slide 14: What are the Big Issues Going Forward?
What are the Big Issues Going Forward? Regulatory reform in the United States New Bank Taxes Capital reform proposals flowing from Basel
Slide 15: Communication sent to employees of TD Bank
THE FOLLOWING IS A COMMUNICATION SENT TO EMPLOYEES OF THE TORONTO-DOMINION BANK ON JUNE 29, 2010
South Financial Group — Merger or Acquisition (June 2010) on 6ix