TD Bank Financial Group today announced that it has completed the acquisition of Commerce Bancorp.

“This marks a tremendous step forward in TD’s history as a leading North American financial institution. We’re thrilled to officially welcome Commerce customers, employees and shareholders into the TD family,” stated Ed Clark, president and CEO, TD Bank Financial Group.

“Backed by the strength of TD Bank Financial Group, we will continue to raise the bar in customer service and satisfaction,” said Bharat Masrani, president and CEO of the combined entity to be known as TD Commerce Bank.