name Toronto-Dominion Bank. The two banks were of similar size and had healthy balance sheets at the time of the merger. They were among Canada's smaller banks; their desire merge was to compete with the larger banks. The combined Toronto-Dominion Bank became the fourth largest bank in Canada, with assets of $1.1billion.

In 1967, TD Bank opened its new head office, the Toronto-Dominion Centre in downtown Toronto. In the next year, the bank entered