TD Charitable Foundation Donates $20,000 to American Red Cross to Aid Victims of Massachusetts' Tornado
TD Bank to defer payments for affected small business customers, offer special financing options to area small businesses, and TD Insurance offers its office as a remote operations center
CHERRY HILL, N.J., and PORTLAND, Maine, June 7, 2011 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, will support the victims of last week's tornado in Massachusetts with a combination of features to help those affected land on their feet. To start, the TD Charitable Foundation will donate $20,000 to the American Red Cross of Central and Western Massachusetts. In addition, the bank is providing the following assistance in the affected areas:
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- TD Bank's small business managers are proactively reaching out to affected small businesses and offering assistance and long-term support to the Springfield community. Along with payment deferments for up to three months for current borrowing customers, TD Bank will offer special financing options to small businesses in the affected areas. This includes 48-hour turnarounds on Variable Rate Term loans and Lines of Credit at low interest rates for the first three months and no closing costs or processing fees. Small business owners are also encouraged to contact TD Bank's toll free Small Business help line at (855)-278-8988 and the SBA Disaster Assistance Customer Service Center at (800) 659-2955.
- TD Insurance is showing its commitment to the communities it serves by reaching out to business customers affected by the twister and offering TD Insurance's West Springfield office as a remote operations center. TD Insurance employees are also assisting customers by helping them to clean their homes or offices, and working with customers to file claims and continue the clean-up process.
Since Thursday, and through this week, a group of TD Bank employees have been driving TD Bank's signature WOW! vans throughout the Springfield area handing out water and snacks to emergency workers and local residents, and toys to children. Thousands of water bottles and assorted snacks have been distributed so far. Other TD Bank volunteers continue to help rebuild projects in the area.
"With a natural disaster of this magnitude, the need for financial aid is immeasurable," said Mark Crandall, Regional President, TD Bank. "And when it happens in your back yard, to your community, you want to do all you can to help provide much needed assistance to the victims of the overwhelming catastrophe. We want the community to know we are there for them during this time."
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America's Most Convenient Bank®, and is one of the 10 largest commercial banking organizations in the United States. The Foundation's mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made $72.6 million in charitable donations since its inception in 2002. The Foundation's areas of focus are affordable housing, education and financial literacy, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing customers with a full range of financial products and services at more than 1,250 convenient locations from Maine to Florida. On September 30, 2010, The South Financial Group, Inc. was acquired by TD Bank Group, and its subsidiary Carolina First Bank merged with TD Bank. Carolina First Bank will continue to operate under the trade names Carolina First Bank in North and South Carolina and Mercantile Bank in Florida until conversion and rebranding in June 2011. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. Carolina First Bank and Mercantile Bank are trade names of TD Bank, N.A. For more information, visit www.tdbank.com. TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody's. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.
SOURCE TD Bank
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