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Toronto Dominion Hiring 75 Mortgage Bankers in U.S. Push

Canada's Toronto-Dominion Bank said it would to hire 75 people in South Carolina to expand its U.S. mortgage business after completing the purchase of South Financial Group Inc. at the tail end of September.

Toronto-Dominion said its residential mortgage business in the U.S. has doubled in the past two years and will continue to increase into 2011. The Toronto-based bank expects to fill about 50 of the positions in the weeks to come.

The bank completed its acquisition last week of South Financial, adding about 175 branches in the Carolinas and Florida. Following the $191.6 million purchase, Toronto-Dominion has about 1,300 locations in the U.S., more than it has in Canada.

The bank's TD Ameritrade has been adding sales and support staff to attract and retain customers - to the point where personnel expenses soared by 25.6 percent in its quarter ended Sept. 30. TD Bank is hiring at the same levels as last year, says a company spokesman.

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AUTHORJanet Aschkenasy Insider Comment

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