Friday, April 16, 2010

TD Bank Buys 3 Failed Banks in Florida

The Wall Street Journal, Robin Sidel, 16 April 2010Canada's TD Bank Financial Group, accelerating its march on the U.S. banking industry, gobbled up the operations of three failed institutions in Florida.Regulators also seized two small banks in Michigan and Massachusetts, representing the first bank failures of the year in those two states. So far this year, 47 banks have failed in the U.S.In