TD Bank Provides $61.1 million in Funding for Saint Anselm College

CHERRY HILL, N.J., May 22, 2018 /PRNewswire/ -- TD Bank, America's Most Convenient Bank^®, announced today that its Education, Not-for-Profit and Government Finance Group in New England closed a $61.1 million tax-exempt direct purchase bond deal with Saint Anselm College in Manchester, New Hampshire. The bonds refinance existing debt and also provide $3 million in funding for the construction of a new campus Welcome Center.

By refinancing the Series 2008 Bonds, which originally funded various construction projects on campus, the college will save more than half a million dollars in interest expense over the next five years. The new Welcome Center will serve as a dynamic campus entry, where new and prospective students and visitors can learn more about all that Saint Anselm has to offer.

"TD Bank is pleased to partner with an institution that has an impressive history and reputation in the academic sector, and shares our interest in enhancing the local community," said Daniel F. Shimkus, Jr., Senior Vice President at TD Bank. "We look forward to working with Saint Anselm College as it continues to grow and prosper."

Saint Anselm College, founded in 1889, is a Catholic, Benedictine liberal arts college that enrolls nearly 2,000 undergraduate students. Students receive an education that incorporates opportunities for professional and career preparation within a learning community that encourages the lifelong pursuit of the truth and fosters intellectual, moral and spiritual growth.

"Saint Anselm College is thrilled to partner with TD Bank for all of its banking needs, and appreciates that it offers a local presence for our employees and students while providing the full range of services that come with a large, national bank," said Eric Norman, Chief Financial Officer, Saint Anselm College. 

About TD Bank, America's Most Convenient Bank^®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth^®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.

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. 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.

SOURCE TD Bank