TD Banknorth, formerly "Banknorth", is a 100%-owne subsidiary of Toronto-Dominion Bank. It conducts banking and insurance activities primarily serving the northeastern area of the United States. Since August 2004, the majority owner is the Canadian Toronto-Dominion Bank upon which time it was renamed "TD Banknorth, N.A.", and all remaining shares of TD Banknorth were acquired by Toronto-Dominion Bank on April 20, 2007. The bank's headquarters are in Portland, Maine.