Courtesy / TD Bank
Sheryl McQuade is TD Bank's new regional president for northern New England.
Updated: July 18, 2019
TD Bank's new regional chief focuses on growth, hiring
Sheryl McQuade, TD Bank’s new regional president for northern New England, is aiming to expand the bank’s footprint on several fronts.
They include being open to new brick-and-mortar locations, which TD refers to as “stores,” and adding commercial banking staff.
“We are trying to grow that business, and it’s all about people,” the Manchester, N.H.-based executive told Mainebiz in a telephone interview Wednesday. “And if you have the right people, you can go places.”
McQuade, a banking-industry veteran with more than 30 years of experience, oversees a network of 130 stores and 4,300 employees, of whom 3,200 are in Maine.
She succeeded David Glidden, who left TD Bank to take the reins as president and CEO of Middletown, Conn.-based Liberty Bank.
Previously with United Bank in Massachusetts and Connecticut, McQuade started at TD Bank on May 28. She told Mainebiz that Wednesday was her 45th day in her new role, and that she is happy to be based in northern New England after calling New Hampshire home for the past four years.
In Maine, she’ll be working closely with Larry Wold, TD Bank’s Maine president.
“Larry is our local leader, he does a great job,” she said. “He’s so well-entrenched in our market and runs our business very well.”
Ranked by deposits, TD Bank is Maine’s market leader with a 13.07% market share as of June 30, 2018, according to the latest FDIC quarterly data. Camden National Bank is No. 2 with 10.48%, followed by Bangor Savings Bank at No. 3 with a 10.4% market share in the Pine Tree State.
Cherry Hill, N.J.-based TD Bank is a subsidiary of Canadian multinational Toronto-Dominion Bank, which had the equivalent of $1.1 trillion in assets on April 30, 2019.
Bullish on recruiting prospects
Asked about growing competition for talent in Maine from other commercial lenders, McQuade said that wasn’t a concern.
“There are some great colleges and universities,” she said. “We hope we can make them aware of our hiring opportunities and do our best to attract the right talent.”
McQuade also touted TD Bank’s “robust offering” of entry-level positions in retail banking and its emphasis on diversity and inclusion.
“Those that have talent, promise and good attitude can find a very appealing career path at TD," she said.
She said the bank is constantly looking at where to add physical locations, but wouldn't go into specifics on areas of potential interest.
“We meet on a regular basis as a team to discuss our strategy around optimizing our footprint and really leveraging our ‘America’s Most Convenient Bank’ model,” she said. “We’re talking with lots of teams about that on an ongoing basis.”
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