TD Bank, the U.S. subsidiary of Canada’s Toronto Dominion Bank, named veteran North Carolina banker Hugh Allen as head of its U.S. commercial real estate operation.
He has worked for TD since 2014, most recently as regional president for the Metro Mid-South region. In the role, he oversaw commercial, small business and retail banking in TD’s footprint from the Carolinas to Delaware.
“Hugh’s background is notable and spans across key areas of the commercial bank, making him a natural choice for this important position,” Chris Giamo, TD Bank’s Head of Commercial Banking, said in a release. Allen will continue to be based in Charlotte.
Allen worked for Wells Fargo and predecessors for 18 years before joining TD. He has played a top role in TD Bank’s expansion into the Charlotte market.
Last year TD said it will add about 15 locations in the Queen City metro area by 2025, citing the city’s rapid population growth. The bank has said at least 25% of the locations will be in majority-minority or low- and moderate-income areas. It also operates 11 offices in western North Carolina.
Allen is a board member of the Research Triangle Foundation and the NCWorks Commission. He has a bachelor’s degree from the University of Texas and an MBA from Duke University.
TD Bank is one of the 10 largest banks in the U.S., operating more than 1,100 offices in the Northeast, Mid-Atlantic, Carolinas and Florida. Its U.S. headquarters is in Cherry Hill, New Jersey.
