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TD Bank announces expected closing date of Commerce Bancorp acquisition

TD Bank Financial Group has confirmed that its acquisition of Commerce Bancorp is expected to close on March 31, 2008.

Upon the close of the transaction, Commerce shareholders will become TD shareholders. Any holder of TD shares on TD’s upcoming dividend record date of April 3, 2008, will be eligible for the TD dividend.

TD Bank Financial Group will hold an investor call and webcast after the transaction closes.