WILMINGTON, Del., June 11, 2018 /PRNewswire/ -- TD Bank's U.S.
Partnerships business – a leading U.S. credit card issuer –
announced today that it has signed a multi-year agreement with
Darvin Furniture and Mattress, a landmark home furnishings retailer
operating in Chicago for 98 years.
Through this partnership, TD will provide Darvin Furniture and
Mattress customers with private label credit card financing
options.
"It was critical for us to find a financing partner who embodied
our same ideals with regard to customer service and experience,"
said Steve Darvin, Co-Owner,
Darvin Furniture and Mattress.
"We've worked hard to establish a strong and loyal customer base,
so meeting their financing needs with a partner who is
knowledgeable and will put them first was extraordinarily important
to us. Culturally, TD and Darvin are incredibly well-aligned. TD
focuses on providing a positive customer experience at every
exchange. We strive for the same, so this just felt like a great
fit for us."
"We couldn't be happier to have Darvin Furniture and Mattress as
a partner," said Mike Rittler, Head
of Partnership Programs, TD Bank. "Darvin's long history and
reputation in the market is exemplary and we look forward to
offering financing options that provide flexibility and value to
their loyal customer base."
More consumers are looking for ways to balance big ticket
furniture purchases while remaining within their monthly budget. In
fact, TD Partnerships recently conducted its inaugural Retail
Experience Index survey and found that significantly more (39
percent) furniture shoppers would research financing options for
their next purchase compared with shoppers overall (22 percent).
Furthermore, of those who researched financing options, 76 percent
did so in-store with the help of a sales associate, underscoring
the importance of a well-trained and knowledgeable sales staff.
TD Bank's U.S. Partnerships business
(www.tdpartnershipprograms.com) launches and administers new credit
card portfolios for merchants across all sales channels, and
acquires retailers' existing credit card portfolios.
About Darvin Furniture and Mattress
Darvin Furniture
and Mattress is Chicagoland's largest furniture and mattress store,
and one of the top 100 furniture retailers in the United States. Darvin Furniture and
Mattress is a family owned business dedicated to providing the
finest selection of affordable, fashionable home furnishings at a
value and customer service level unequaled in the
marketplace.
About TD Partnerships
TD Bank Group's credit card
business is a top 10 card issuer in North
America with over $27B in card
receivables. TD Bank's credit cards are distributed nationally,
leveraging our retail distribution network, direct response
channels and through hundreds of partnership programs with
financial institutions, retailers and other third party
organizations.
About TD Bank, America's Most Convenient
Bank®
TD Bank, America's Most Convenient Bank,
is one of the 10 largest banks in the U.S., providing more than 9
million customers with a full range of retail, small business and
commercial banking products and services at more than 1,200
convenient locations throughout the Northeast, Mid-Atlantic, Metro
D.C., the Carolinas and Florida.
In addition, TD Bank and its subsidiaries offer customized private
banking and wealth management services through TD
Wealth®, and vehicle financing and dealer commercial
services through TD Auto Finance. TD Bank is headquartered in
Cherry Hill, N.J. To learn more,
visit www.tdbank.com. Find TD Bank on Facebook at
www.facebook.com/TDBank and on Twitter at
www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank
Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services
company in North America. The
Toronto-Dominion Bank trades on the New
York and Toronto stock
exchanges under the ticker symbol "TD". To learn more, visit
www.td.com.
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SOURCE TD Bank