Frequently Asked Questions

General

Is TD Banknorth still traded on the New York Stock Exchange?
On April 20, 2007, TD Banknorth became a wholly-owned subsidiary of The Toronto-Dominion Bank ("TD Bank") and, as a result, is no longer publicly traded. Prior to April 20, 2007, TD Banknorth traded on the NYSE under the ticker BNK.

Whom do I call if I have questions regarding the exchange of my TD Banknorth shares?
Questions regarding the exchange of TD Banknorth shares should be directed to Mellon Investor Services, 480 Washington Blvd, Jersey City, New Jersey 07310 or by calling 800-984-9008.

Whom do I contact for replacement Form 1099 statements or related questions regarding dividends paid by TD Banknorth, or for replacement Form 1099 statements or related questions with regard to the acquisition of Interchange Financial Services?
Please contact Mellon Investor Services at 866-233-4836.

Whom do I call regarding lost or missing certificates of TD Banknorth common stock?
Please contact Mellon Investor Services at 866-233-4836.

What services can your transfer agent, Mellon Investor Services, provide?
As our Transfer Agent, Mellon Investor Services can provide you with assistance related to the following:

• Exchange of TD Banknorth shares
• Instructions on how to complete a letter of transmittal
• Instructions on what do with lost or mutilated stock certificates
• Replacement Form 1099s
• Dividend Reinvestment Statements/History
• Questions regarding escheated stock and/or dividends
• Historical information or statements for TD Banknorth Dividend Reinvestment and Direct Stock Purchase Plan

Where can I find TD Banknorth's current Credit Rating?
Learn more about TD Banknorth's current Credit Rating.†

Tax-Related

How can I determine my cost basis in my TD Banknorth shares?^*
Keeping track of the cost basis in your shares is your responsibility. As a general rule, neither TD Banknorth nor our current or past transfer agents can provide cost basis information unless your shares were purchased through a dividend reinvestment or direct stock purchase plan administered by a transfer agent. If your shares were acquired through such a plan, you should contact the transfer agent who administered the plan to obtain an account statement.

For shares not purchased through a dividend reinvestment or direct stock purchase plan, your broker, financial advisor or accountant may be able to provide historical cost basis information.

Where can I find TD Banknorth's acquisition history?^*
Please direct any inquires regarding TD Banknorth's banking acquisitions to TD Bank Shareholder Relations at 866-756-8936 or tdshinfo@td.com.

Where can I find information on TD Banknorth's dividend history, including stock splits?^*
Please read for a history of TD Banknorth's dividends and stock splits.

Where can I find information on TD Banknorth's historical share prices?^*
A history of closing prices for TD Banknorth from December 31, 1986 through April 19, 2007 is available online. Please note that these historical prices are for Peoples Heritage Bank, which went public on December 11, 1986 and ultimately became TD Banknorth Inc. On April 19, 2007, TD Banknorth Inc. became a wholly owned subsidiary of TD Bank and, as a result, is no longer publicly traded.

Please be advised that we do not have access to share price history for banks acquired by TD Banknorth or its predecessor entities.

What was the price of Peoples Heritage at the time of its initial public offering?^*
Peoples Heritage Bank went public on December 11, 1986 at an initial price of $15.50 per share (split-adjusted price of $7.75).

Going-Private Transaction

What was the going-private transaction?
On April 20, 2007, TD Bank acquired all of the outstanding shares of TD Banknorth not already owned by it. In this transaction, TD Banknorth shareholders had the right to receive $32.33 in cash for each share of TD Banknorth common stock.

For information on the transaction, please refer to the proxy statement related to the merger dated March 16, 2007.‡

For tax purposes, how do I account for the cash I received as a result of the April 20, 2007 acquisition by TD Bank of the remaining outstanding shares of TD Banknorth not already owned by it or its affiliates?^*
For general information on the tax consequences of the transaction, please refer to the proxy statement related to the merger dated March 16, 2007,‡ including the discussion of the Material United States Federal Income Tax Consequences of the Merger beginning on page 66 of the proxy statement.

Interchange Financial Services Corp.

What was the Interchange Acquisition?
On January 1, 2007, TD Banknorth acquired Interchange Financial Services Corporation of Saddle Brook, New Jersey. In this transaction, Interchange shareholders had the right to receive $23.00 in cash for each share of Interchange common stock.

For information on the transaction, please refer to the proxy statement related to the merger dated September 8, 2006.‡

For tax purposes, how do I account for the cash I received in exchange for my Interchange shares in the January 1, 2007 acquisition of Interchange?^*
For general information on the tax consequences of the transaction, please refer to the proxy statement related to the merger dated September 8, 2006,‡ including the discussion of the Certain Federal Income Tax Consequences beginning on page 36 of the proxy statement.

Hudson United Bancorp

What was the Hudson United Acquisition?
On January 31, 2006, TD Banknorth acquired Hudson United Bancorp of Mahwah, New Jersey. In exchange for their shares of Hudson United, certain shareholders received solely cash or stock as consideration, while others received a combination of cash and TD Banknorth common stock. For information on the transaction, please refer to the prospectus related to the merger dated December 7, 2005.‡

For tax purposes, how do I account for the cash and/or TD Banknorth common stock I received in exchange for my Hudson United shares in the January 31, 2006 acquisition of Hudson United?^*
For general information on the tax consequences of the transaction, please refer to the prospectus related to the merger dated December 7, 2005,‡ including the discussion of the Material United States Federal Income Tax Consequences of the Merger beginning on page 93 of the prospectus.

The tax consequences for an all stock election or a cash and stock election are complicated, and you should consult your own financial advisor for specific tax advice. For additional general information please see Illustrative Examples of the Possible Tax Treatment to Shareholders of Hudson United Bancorp.

2005 Acquisition by TD Bank of Majority Stake

What was the 2005 acquisition by TD Bank?
On March 1, 2005, TD Bank acquired 51% of the common stock of Banknorth Group, Inc. In this transaction, Banknorth Group shareholders received a combination of cash, TD Banknorth common stock and common shares of TD Bank in exchange for their shares of Banknorth Group common stock.

For information on the transaction, please refer to the proxy statement related to the transaction dated January 11, 2005.‡

For tax purposes, how do I account for the consideration I received in exchange for my Banknorth Group, Inc. shares in the March 1, 2005 sale of 51% of Banknorth Group to TD Bank?^*
For general information on the tax consequences of the transaction, please refer to the proxy statement related to the transaction dated January 11, 2005,‡ including the discussion of the Material United States Federal Income Tax Consequences beginning on page 74 of the proxy statement.

As noted, you should consult your tax advisor for specific advice. For general information regarding the allocation of your tax basis between TD common shares and the "new" TD Banknorth common stock resulting from the sale of a majority interest in Banknorth to TD, please see Allocating Your Tax Basis.

TD Bank (Ticker: TD)

Whom do I call if I have questions regarding my TD Bank shares held in direct registration with the transfer agent, Mellon Investor Services?
For questions regarding any TD Bank shares you may own, please contact TD Bank's transfer agent in the United States, Mellon Investor Services, at 866-233-4836.

How do I enroll in TD Bank's Dividend Reinvestment Plan?
Currently Mellon Investor Services is not an authorized agent for TD Bank's Dividend Reinvestment Plan. You can register in TD Bank's Dividend Reinvestment Plan by having your shares moved from direct registration with Mellon Investor Services and into direct registration with CIBC Mellon Trust Company. In order to effect this change please contact Mellon Investor Services at 866-233-4836 or www.melloninvestor.com.

Learn more regarding the TD Bank Dividend Reinvestment Plan online.†

Does TD Bank have a share purchase plan?
TD Bank currently does not have a share purchase plan.

^*We cannot give tax advice. Everyone's tax situation is different. You should consult your own tax advisor for specific tax advice. The above questions and answers have been provided to assist you in providing your tax advisor with information that will assist him or her in advising you. These materials were not intended or written to be used and cannot be used, for the purposes of avoiding tax-related penalties under federal, state or local law.

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