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Article: Suit leads TD Banknorth to assume new identity ; Sports arena name is still up in the air
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- July 24, 2008
- Author:
CopyrightCopyright 2008 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Changing course in the face of a lawsuit, TD Banknorth picked a
new new name to use following its merger with Commerce Bancorp Inc.
of New Jersey - TD Bank.
Previously the combined banks were to be known as TD Commerce
Bank. The bank has not decided what name it will put on the Boston
sports arena now known as the TD Banknorth Garden, where it owns
naming rights. Bank officials said they expect to decide on a name
for the arena later this year. Any final name would include the word
"Garden."
TD Bank chief executive Bharat Masrani said he switched to the
new name for his institution because of a lawsuit brought by
Commerce Bank & Trust Co., a 12-branch company in Worcester. In a
federal suit ...