TORONTO, Feb 26, 2015 /CNW/ - TD Bank Group (TD) (TSX and
NYSE: TD) today announced a contract extension with Target
Corporation (Target) (NYSE: TGT), in which TD will continue to be
the exclusive issuer of Target co-branded and private label
consumer credit cards to Target's U.S. customers until March 2025. The two companies initially entered
into a seven-year agreement when TD completed the acquisition of
Target's U.S. credit card portfolio in 2013.
"We are excited to continue our agreement with Target, a top
brand with an industry-leading card and rewards program," said
Michael Rhodes, Executive Vice
President, North American Credit Cards and Merchant Services, TD
Bank Group. "Target is an exceptional partner for TD as we work
together to grow the Target credit card program."
For additional details on the transaction please refer to TD's
October 23, 2012 press release,
which is available on td.com.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
branches and serves more than 24 million customers in three key
businesses operating in a number of locations in financial centres
around the globe: Canadian Retail, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in TD Ameritrade; and Wholesale Banking, including TD
Securities. TD also ranks among the world's leading online
financial services firms, with approximately 9.7 million active
online and mobile customers. TD had CDN$1.1
trillion in assets on January 31,
2015. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group