Computershare Trust Company of Canada, a subsidiary of Computershare Limited, has reached an agreement to purchase TD Bank Financial Group’s Corporate Trust business, a division of TD’s Trust businesses. Under the agreement, Computershare will acquire all of TDBFG’s Corporate Trust assets, which predominantly include trusteeships on debt and securitization structures, as well as escrows of cash, securities, and source code. The close of the sale is scheduled for May 1, 2007. Computershare also has acquired the transfer agent business of Western Corporate Services, doing business as U.S. Stock Transfer Corporation. U.S. Stock Transfer Corporation is a provider of transfer-agent services for approximately 400 companies.
Computershare Canada Buys Corporate Trust Business Of TD Bank
Computershare Trust Company of Canada, a subsidiary of Computershare Limited, has reached an agreement to purchase TD Bank Financial Group's Corporate Trust business, a division of TD's Trust businesses. Under the agreement, Computershare will acquire all of TDBFG's Corporate Trust
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