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How much more of the United States will Canadian banks buy if the US goes into default? [View All]

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murphyj87 Donating Member (570 posts) Send PM | Profile | Ignore Mon Apr-25-11 08:45 PM
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How much more of the United States will Canadian banks buy if the US goes into default?
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Canada has been buying out US banks and financial institutions for decades and, if the US fails to raise it's debt limit, and goes into default, Canadian banks and other companies may well buy out far more of the United States.

TD (Toronto Dominion Bank):
Bought out Ameritrade
Bought out Riverside National Bank of Florida
Bought out Peoples Heritage Bank (in Maine)
Bought out Bank of New Hampshire
Bought out Evergreen Bank (in New York)
Bought out Hudson United Bank based in Mahwah, New Jersey
Bought out Middletown Savings Bank locations in New York, which significantly expanded TD's presence in Connecticut, New York, New Jersey, and Pennsylvania

RBC (Royal Bank of Canada):
US Operations based in Raliegh NC
Bought out Flag Bank in Georgia
Bought out AmSouth Bank in Alabama
Bought out Alabama National BanCorporation in Alabama, Georgia, and Florida

BMO (Bank of Montreal):
US Operations based in Chicago
Bought out Harris Bank in Illinois and several states
Bought out Diners Club International's North American franchise
Bought out M&I Bank, Wisconsin's largest and oldest bank
Bought out Lloyd George Management, with offices in Florida, among many other areas worldwide
Bought out Griffin, Kubik, Stephans, and Thompson, a Chicago based employer that employs about 100 people in sales, trading, research, public finance and underwriting, and specializes in municipal bonds, U.S. Treasury and agency debt, and mortgage-backed securities in the US.

CIBC (Canadian Imperial Bank of Commerce):
Bought out Mellon Bank Corp. (now Bank of New York Mellon) of Pittsburgh PA
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