CHERRY HILL, N.J., May 22, 2018 /PRNewswire/ -- TD Bank,
America's Most Convenient Bank®, announced today that
its Education, Not-for-Profit and Government Finance Group in New
England closed a $61.1 million
tax-exempt direct purchase bond deal with Saint Anselm College in Manchester, New Hampshire. The bonds refinance
existing debt and also provide $3
million in funding for the construction of a new campus
Welcome Center.
By refinancing the Series 2008 Bonds, which originally funded
various construction projects on campus, the college will save more
than half a million dollars in interest expense over the next five
years. The new Welcome Center will serve as a dynamic campus entry,
where new and prospective students and visitors can learn more
about all that Saint Anselm has to
offer.
"TD Bank is pleased to partner with an institution that has an
impressive history and reputation in the academic sector, and
shares our interest in enhancing the local community," said
Daniel F. Shimkus, Jr., Senior Vice
President at TD Bank. "We look forward to working with Saint Anselm College as it continues to grow and
prosper."
Saint Anselm College, founded in
1889, is a Catholic, Benedictine liberal arts college that enrolls
nearly 2,000 undergraduate students. Students receive an education
that incorporates opportunities for professional and career
preparation within a learning community that encourages the
lifelong pursuit of the truth and fosters intellectual, moral and
spiritual growth.
"Saint Anselm College is thrilled to
partner with TD Bank for all of its banking needs, and appreciates
that it offers a local presence for our employees and students
while providing the full range of services that come with a large,
national bank," said Eric Norman,
Chief Financial Officer, Saint Anselm College.
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