TD Bank Combines Divisions to Create New Commercial Bank
JAN 29, 2021 - 7:12 am
TD Bank combined its previous commercial and corporate and specialty banking teams to create a new commercial bank.
“Our commercial bank and corporate and specialty banking teams have repeatedly demonstrated that they can deliver strong results together in any economic cycle,” Greg Braca, president and CEO of TD Bank, said. “To continue their track record of success, we have merged these teams to build on their combined strengths and position them for long-term growth. Ultimately, it will help TD scale its core businesses and build the commercial bank of the future.”
With this change, TD Bank’s corporate and specialty banking teams — asset-based lending, equipment finance, institutional healthcare and higher education, commercial real estate and global trade finance — will join the commercial organization.
TD Bank’s commercial bank previously encompassed middle market, community and small business lending, deposits, treasury management and point of sale solutions for companies within the bank’s Maine to Florida footprint. TD Bank’s commercial bank has vertical expertise in restaurant franchise, non-profits, medical and dental practice, and U.S. Small Business Administration (SBA) lending, and will now include the vertical markets of the previous corporate and specialty banking portfolio.
Chris Giamo, head of commercial bank for TD Bank, will lead the newly formed business. Marla Willner, who had led TD Bank’s corporate and specialty bank, will take on a new role leading commercial credit management in addition to other strategic initiatives.
Giamo joined TD Bank in 1998 as the head of its New Jersey middle market lending group. After building the local middle market business, he held various positions of increasing responsibility in commercial and retail banking, including serving as regional president for TD Bank’s New York Metro region. He was named head of commercial bank in 2017.
Willner joined TD Bank in 2000 and served for 15 years in various executive roles across multiple businesses, including investment banking, capital markets, sales and trading. Willner also served as head of credit management for corporate banking.
“This is an exciting opportunity to drive growth in our commercial banking division through highly competitive service lines and market expertise while delivering more of TD Bank to our more than 9 million customers across commercial and consumer banking,” Giamo said. “I’m honored to lead our combined team on behalf of our colleagues, customers and the communities we serve.”
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