By Allison Prang

TD Bank said Thursday it has made a new commercial bank segment through combining its corporate and speciality banking team and its commercial banking team.

The company said the new segment "will drive growth, deliver a better client and colleague experience and create efficiencies."

TD's commercial bank head, Chris Giamo, is going to lead the combined enterprise and the company's previous head of its corporate and specialty bank, Marla Willner, is going to lead TD's commercial credit management, TD said.

TD said the teams that are part of corporate and special banking, such as commercial real estate and asset-based lending, will now join the company's commercial segment. TD's old commercial bank segment had included areas such as community and small business lending and treasury management, among other areas.

(END) Dow Jones Newswires

01-28-21 1552ET