Finance

TD Bank Corporate Office

TD Bank is the U.S. subsidiary of Canadian bank Toronto-Dominion Bank.

TD Bank was created by the merger of TD Banknorth and Commerce Bank in 2008.

TD Banknorth has its origins in a number of Maine savings banks, dating back to 1802 with Woodstock National Bank.

Today the bank has 1,300 branches in 15 states, mostly serving the east coast.

Many of its branches are open until 8 p.m. and have service seven days a week. This is unique in the banking industry.

TD Bank was listed as one of the World’s Best Banks on Forbes annual list. The company also makes the Forbes list of Best Employers for Women and Best Employers for Diversity in 2018.

In August 2020, the bank agreed to pay $122 million in restitution for an overdraft program that the company said was free, but actually charged $35 per occurrence. This covers the period between 2014 and 2018.

TD Bank offers deposit accounts, residential and commercial mortgages, business and personal loans, insurance, investment planning, and wealth management.

TD Bank, N.A.

TD Bank is the U.S. subsidiary of Canadian bank Toronto-Dominion Bank.

TD Bank was created by the merger of TD Banknorth and Commerce Bank in 2008.

History

TD Banknorth has its origins in a number of Maine savings banks, dating back to 1802 with Woodstock National Bank.

Today the bank has 1,300 branches in 15 states, mostly serving the east coast.

Many of its branches are open until 8 p.m. and have service seven days a week. This is unique in the banking industry.

TD Bank was listed as one of the World’s Best Banks on Forbes annual list. The company also makes the Forbes list of Best Employers for Women and Best Employers for Diversity in 2018.

TD Bank offers deposit accounts, residential and commercial mortgages, business and personal loans, insurance, investment planning, and wealth management.

PNC Bank Corporate Office

PNC Financial Services Corporation traces its roots to the 1852 founding of Pittsburgh Trust and Savings Company in Pittsburgh, Pennsylvania.

The company went through a series of mergers, finally becoming the Pittsburgh National Bank in 1959, which then became a subsidiary of Pittsburgh National Corporation.

In 1982 Pittsburgh National Corporation merged with Provident National Corporation making PNC Financial Corporation. It was the largest bank merger in American history at the time.

In 2008 PNC doubled in size when it acquired Cleveland-based National City Bank for $5.2 billion in PNC stock.

Today PNC Financial Services Corporation has 2,700 branches in 19 states, trades publicly on the NASDAQ under the ticker PNC, is #170 on the Fortune 500, is a member of the S&P 500, is #244 on the FT Global 500, has almost 50,000 employees, nd had $15.3 billion in revenue in 2013.

PNC Bank

PNC Financial Services Corporation traces its roots to the 1852 founding of Pittsburgh Trust and Savings Company in Pittsburgh, Pennsylvania.

The company went through a series of mergers, finally becoming the Pittsburgh National Bank in 1959, which then became a subsidiary of Pittsburgh National Corporation.

In 1982 Pittsburgh National Corporation merged with Provident National Corporation making PNC Financial Corporation. It was the largest bank merger in American history at the time.

History

In 2008 PNC doubled in size when it acquired Cleveland-based National City Bank for $5.2 billion in PNC stock.

SunTrust Banks Corporate Office

Trust Company of Georgia was founded in 1891 under the name Commercial Travelers Savings Bank. It is the most direct ancestor of SunTrust Banks.

SunTrust Banks in its present form is the result of the merger between Trust Company of Georgia and SunBanks, Inc. in 1985.

The new company continued to operate under two different names until 1995 when all banks began operating under the SunTrust name.

In 2015, the company removed a severance clause which required laid off or terminated employees to continue to give their assistance for up to 2 years with no pay.

Today SunTrust operates 1,500 bank branches and 2,243 ATMs across the southern United States.

In May 2019, BB&T Bank has agreed to purchase SunTrust Bank for an estimated $28 billion in stock.

The company paid nearly $1 billion in fines after a US federal probe found irregularities in mortgage orientation, servicing, and foreclosure abuses in 2014.

SunTrust trades publicly on the New York Stock Exchange under the symbol STI, is a member of the S&P 500, is #239 in the Fortune 500, has 22,899 employees, and had $9 billion in revenue in 2018.

SunTrust Banks

Trust Company of Georgia was founded in 1891 under the name Commercial Travelers Savings Bank. It is the most direct ancestor of SunTrust Banks.

SunTrust Banks in its present form is the result of the merger between Trust Company of Georgia and SunBanks, Inc. in 1985.

History

The new company continued to operate under two different names until 1995 when all banks began operating under the SunTrust name.

In 2015, the company removed a severance clause which required laid off or terminated employees to continue to give their assistance for up to 2 years with no pay.

Today SunTrust operates 1,500 bank branches and 2,243 ATMs across the southern United States.

In May 2019, BB&T Bank has agreed to purchase SunTrust Bank for an estimated $28 billion in stock.

The company paid nearly $1 billion in fines after a US federal probe found irregularities in mortgage orientation, servicing, and foreclosure abuses in 2014.

SunTrust trades publicly on the New York Stock Exchange under the symbol STI, is a member of the S&P 500, is #239 in the Fortune 500, has 22,899 employees, and had $9 billion in revenue in 2018.

TCF Bank Corporate Office

TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation. TCF Financial Corporation is a public company, trading on the New York Stock Exchange under the ticker TCB.

TCF Financial Corporation was founded in 1923 as Twin City Building and Loan Association.

In the 1990’s the company expanded from Minnesota into Michigan through two key acquisitions: First Federal Savings Bank of Oakland County and Great Lakes National Bank.

TCF offers retail lending services such as consumer loans for home purchases, debt consolidation, autos, vacations, and education. TCF also provides checking accounts, savings accounts, money market accounts, and retirement savings plans.

The company also offers treasury services such as investment and borrowing portfolios and and risk management.

TCF has 428 branches, is a member of the S&P 400, has 5,400 employees, and had $1.09 billion in revenue in 2013.

TCF Financial Corporation

TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation. TCF Financial Corporation is a public company, trading on the New York Stock Exchange under the ticker TCB.

TCF Financial Corporation was founded in 1923 as Twin City Building and Loan Association.

In the 1990’s the company expanded from Minnesota into Michigan through two key acquisitions: First Federal Savings Bank of Oakland County and Great Lakes National Bank.

History

The company also offers treasury services such as investment and borrowing portfolios and and risk management.

TCF has 428 branches, is a member of the S&P 400, has 5,400 employees, and had $1.09 billion in revenue in 2013.

H&R Block Corporate Office

Young Henry Bloch and his brother Leon wanted to open a family business when they got out of the army after WWII. Borrowing $5,000, the pair opened a small bookeeping shop in Kansas City, Missouri. Unfortunately, after just a few months, the business was not doing very well and Leon decided that he would rather go to law school. Henry wanted to keep trying, so he was about to place an ad for help in the local newspaper when his mother suggested that he hire his brother Richard instead since he knew about tax returns.

The pair began doing bookkeeping again, but this time around, also offering tax preparation services.

The new company was called the United Business Company.

In 1955, on the advice of a friend who worked for the local newspaper, the brothers ran an ad in The Kansas City Star for $5 tax services. The next day the office was full of tax clients, and H&R Block was born.

The company expanded by franchising to New York City in 1956, and the company grew quickly. The name was changed to Block, rather than Bloch, which the brothers thought was easier to remember and to spell. H&R Block went public in 1962, trading on the New York Stock exchange, under the symbol HRB.

Today H&R Block is a tax-preparation and and financial services company. The company has 25 million customers, which it serves through 11,000 company-owned and franchised locations in the United States and 1,600 locations in Canada and Australia.

The company competes for a share of the digital market with its online tax programs and software. Unlike other online companies, H&R Block has a program called the Best of Both, where clients enter their information and do their returns online and a Block tax professional reviews, edits, signs, and e-files the return for the client. Many clients claim they feel better about returns that an actual human, trained in tax return laws, has read and at least looked at.

Current CFO Tony Bowen says that the tax delay in 2020 and again in 2021 has had a tremendous impact on the company’s resources.

H&R Block is a member of the S&P 500, is #665 in Fortune 1000, has 2,400 employees, and had $3 billion in revenue in 2016. Headquarters for the company are still located in Kansas City, Missouri.

H&R Block

The pair began doing bookkeeping again, but this time around, also offering tax preparation services.

History

The new company was called the United Business Company.

Current CFO Tony Bowen says that the tax delay in 2020 and again in 2021 has had a tremendous impact on the company’s resources.

H&R Block is a member of the S&P 500, is #665 in Fortune 1000, has 2,400 employees, and had $3 billion in revenue in 2016. Headquarters for the company are still located in Kansas City, Missouri.