New TD Chair of Board of Directors

TORONTO, Sept. 28 /CNW/ - TD Bank Financial Group announced today that Brian Levitt will become its Chairman of the Board of Directors on January 1, 2011. He will replace John Thompson, who has made the personal decision, as part of an orderly board succession, to step down from this position.

Mr. Levitt has served as an independent Director on the Bank's Board since December, 2008. Mr. Thompson, who served as non-executive Chairman for seven years, will remain a member of the TD Board.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in North America by branches and serves more than 18 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading online financial services firms, with more than 6 million online customers. TD Bank Financial Group had CDN$603 billion in assets on July 31, 2010. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

For further information: Stephen Hewitt, TD Bank Financial Group, [phone], [email protected]