TD Bank Confirms No Job Losses in 2020 Resulting From COVID-19

Quote from Bharat Masrani

March 31, 2020 - COVID-19 Our Leaders DC, DE, MD, VA Florida Maine New Jersey, New York and PA North and South Carolina

TD Bank Group, of which TD Bank, America's Most Convenient Bank® is part, announced that there will be no job losses in 2020 as a result of COVID-19.

"It is only natural that the speed and scale of the impacts across society have employees feeling uncertain, even worried," said, Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. "I want to remove one uncertainty for TD Employees and their families. There will be no job losses in 2020 as a result of COVID-19. Where appropriate, we will also find new ways to help transition and evolve roles to help employees remain productive as our customers' needs change and evolve."

"Throughout this challenging time, our teams in the U.S. have adapted quickly, worked hard and delivered unwavering support for our customers and each other, " said, Greg Braca, President and CEO of TD Bank. "We are working through this together—it's what great companies do, and I've never been prouder to wear the TD shield."

Today's action follows the company's decision last week to introduce a special award of up to $1,000 along with two additional paid vacation days on top of the 10 days for all Colleagues previously announced. This benefit is available to part-time and full-time Colleagues who don’t currently have the option to work from home.

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.td.com/us. 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/us.

Contact:

Paige Wilkins
TD Bank
Corporate Communications Associate
Paige.wilkins@td.com


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