CHERRY HILL, N.J., March 13, 2018 /PRNewswire/ -- Today, TD Auto
Finance (TDAF), a leading automotive financial services provider,
has announced the national expansion of TDAF Commercial Services,
which leverages TD Bank, N.A. to provide floorplan financing and
commercial lines of credit to automotive dealerships.
"We are incredibly excited to continue growing our commercial
business," said Andrew Stuart,
President and CEO, TD Auto Finance. "This decision signifies TD's
strong commitment to the auto space and our desire to offer a full
suite of products and commercial lending to our dealer network
across the U.S."
TDAF first began offering commercial loan products in
June 2011, primarily in the east
coast, and has since expanded into the Midwest. This move
extends TDAF's commercial services footprint throughout the
continental U.S. to more closely align with TDAF's current indirect
retail model.
"Dealer principals are looking for lenders who understand the
full range of their business needs. The commercial loan
products are an integral piece of a dealership's operations," said
Anne Kline, Head of TDAF Commercial
Services. "Our Dealer Relationship Managers have a deep
knowledge of all facets of automotive finance and we are eager to
bring this expertise to our expanded footprint."
About TD Bank, America's Most Convenient
Bank®
TD Bank, America's Most Convenient Bank, is one of the 10
largest banks in the U.S., providing more than 9 million customers
with a full range of retail, small business and commercial banking
products and services at more than 1,200 convenient locations
throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas
and Florida. In addition, TD Bank
and its subsidiaries offer customized private banking and wealth
management services through TD Wealth®, and vehicle
financing and dealer commercial services through TD Auto Finance.
TD Bank is headquartered in Cherry Hill,
N.J. To learn more, visit www.tdbank.com. Find TD Bank on
Facebook at www.facebook.com/TDBank and on Twitter at
www.twitter.com/TDBank_US.
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. 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.
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SOURCE TD Bank