TD Banknorth Hurt by Yield Curve

TD Banknorth, 10 January 2006Portland, Maine--(Business Wire)-TD Banknorth Inc. announced today that its board of directors has approved a balance sheet restructuring program which is to be implemented in connection with its pending acquisition of Hudson United Bancorp. The program consists of the sale of approximately $2.6 billion of mortgage-backed securities with the proceeds to be reinvested