Principally RBC, TD Bank and BMO are Canadian banks that have US retail banking operations and retail branches located in Florida.
RBC operates 83 branches with $2.8 billion in deposits in Florida. This includes 11 branches with $368 million in Sarasota, Manatee and Charlotte counties, according Federal Deposit Insurance Corp (May 2011). However, it was just recently announced that PNC Financial Services Group has just purchased these branches along with RBC’s other Southern retail banking operations for $3.45 billion. The deal is expected to close in 2012.
In April 2010 TD acquired the banking operations of AmericanFirst Bank in Clermont, First Federal Bank of North Florida in Palatka and Riverside National Bank of Florida in Fort Pierce giving them 69 new locations. It also aquired South Financial Group in 2010 acquiring 66 more branches. As of April 2011 TD Bank’s footprint now stands 167 branches statewide. With $8 billion in Florida deposits and about 1,000 employees, TD now ranks among the state’s top 10 banks. TD has 18 branches near Jacksonville, 90 branches around Tampa and Orlando and 52 branches near Miami.
Visit website to see all TD Florida stores and ATMs plotted on a map. The website also displays all stores and ATMs in the US.
BMO just recently acquired Marshall & Ilsley Corp. of Milwaukee for $4.1 billion in stock. M&I Bank operates 36 branches with $1.6 billion in deposits in Florida, including 11 branches with $630 million in Sarasota, Manatee and Charlotte. These branches will be renamed BMO Harris Bank.