TD Bank, named Wilmington resident Michael Rhodes Head of Consumer Bank.Based in Cherry Hill, N.J., Rhodes has U.S. accountability for Retail Distribution, Retail Sales & Service Strategy, Retail Product Strategy and Development, and “omni-channel strategy”
TD has about a dozen branches in all three counties in Delaware. The bank gathers consumer deposits at the branches and also serves local businesses with a seven-day-a-week schedule, while working to build lending and other relationships.
Rhodes joined TD in 2011 to lead the North American Credit Card and Merchant Services business. That unit has a small office in Wilmington.
Under his leadership, the business has grown to become the number one credit card issuer in Canada and one of the leading card issuers in North America. Rhodes was instrumental in TD’s successful acquisition of the Aeroplan and Target U.S. Credit Cards businesses.
Prior to joining TD, Rhodes held a variety of roles within the payments and banking sector, including CEO of a portfolio company backed by a top-tier private equity fund and CEO of MBNA Europe Bank Limited. His experience in the financial services industry spans more than 20 years and includes leadership roles in direct channels, operations, specialty commercial, small business, marketing and product. Rhodes has worked in the United States, the United Kingdom, Spain, Ireland and Canada.
“TD’s unique customer-centric culture and values set the bank apart,” said Rhodes. “I am excited to work with the U.S. team to leverage those strengths, capitalize on opportunities and accelerate growth.”
Michael earned his Master of Business Administration from The Wharton School at The University of Pennsylvania. He also holds an engineering degree from Duke University. He resides in Wilmington, Delaware.
About TD Bank, America’s Most Convenient BankTD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 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 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.
