TD Bank Names John DePledge Head of Business Development for Asset Based Lending

TD Bank, America's Most Convenient Bank, provides customers with a full range of financial products and services at 1,300 convenient locations from Maine to Florida

PHILADELPHIA (December 17, 2010) – TD Bank, America's Most Convenient Bank, has promoted John M. DePledge to Senior Vice President – Head of Business Development for Asset Based Lending.
DePledge, located in Philadelphia, established TD Bank’s Philadelphia-based ABL lending capability in 2005 and in his new position is responsible for leading the bank’s business development objectives throughout the Eastern U.S. Previously, DePledge served as a Business Development Team Leader responsible for the Metro Philadelphia and Metro D.C. markets.

DePledge has 28 years of ABL experience. Prior to joining www.tdbank.com, he worked for 11 years in a variety of positions at LaSalle Business Credit in Philadelphia and New York, including senior account executive, underwriting manager and team leader.

DePledge presently serves on the Executive Committee of the Commercial Finance Association (CFA), where he participates in developing strategies to continue to distinguish the CFA as the world-class organization for the secured lending community. He has held a wide range of leadership positions within CFA’s Philadelphia Chapter, including serving as president in 2003 and 2004. DePledge also is active in many other professional organizations, including the Association for Corporate Growth and the Turnaround Management Association.

A resident of Washington Crossing, Penn., DePledge holds an MBA in finance from Sacred Heart University of Fairfield, Conn., and a bachelor’s degree in accounting from Franklin Pierce University in Rindge, N.H.

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing customers with a full range of financial products and services at more than 1,250 convenient locations from Maine to Florida. On September 30, 2010, The South Financial Group, Inc. was acquired by TD Bank Group, and its subsidiary Carolina First Bank merged with TD Bank. Carolina First Bank will continue to operate under the trade names Carolina First Bank in North and South Carolina and Mercantile Bank in Florida until conversion and rebranding in 2011. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. Carolina First Bank and Mercantile Bank are trade names of TD Bank, N.A. For more information, visit www.tdbank.com.

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 and one of the few banks in the world rated Aaa by Moody's. 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.

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