TD Banknorth goes private

Portland, Maine-based TD Banknorth said it has received all regulatory approval needed to take the company private and plans to do so immediately, it said this morning. The company had previously announced its intention to privatize. Shareholders earlier this week approved a deal to sell the remaining shares of the company to its parent, Toronto-based TD Bank Financial Group, which already owned a majority of the firm’s stock. TD Banknorth was set to delist from the New York Stock Exchange today. TD Banknorth has banking divisions throughout Connecticut, and the rest of New England.