TD Banknorth May Shut Branches Amid Profit Woes

Reuters, Jonathan Stempel, 16 November 2006TD Banknorth Inc., the U.S. retail banking arm of Canada's Toronto-Dominion Bank, on Thursday said it may close branches to cut costs as "aggressive" competition weighs on profitability.Chief Operating Officer Peter Verrill also projected fourth-quarter profit around the low end of the bank's prior forecast, and estimated 2007 profit below analysts'