TD Bank Financial Group of Toronto, Canada, has bought a majority of the outstanding shares of Banknorth Group Inc., Portland, Maine.

• Position: Mergers & Acquisitions - Brief Article

TD Bank Financial Group of Toronto, Canada, has bought a majority of the outstanding shares of Banknorth Group Inc., Portland, Maine. Banknorth, which has assets of $28.7 billion, has changed its name to TD Banknorth Inc. The bank holding company...