2009-04-02
14:41:34
The president and C-E-O of the TD Bank Financial Group says his bank is weathering the recession better than most.
Ed Clark told the bank’s annual meeting of shareholders at the Trade and Convention Center this morning — the institution’s loan holdings grew last year and the bank is stepping in to pick up the slack left by foreign banks and lenders who have bailed out.
Clark says he’s cautiously optimistic about his bank’s results in the coming year but is predicting the year will be full of even more challenges — and — he says he doesn’t see the recession easing until well into 2010.
It’s the first time in the bank’s 154-year history it has held the annual meeting here in New Brunswick.
