TD Bank, which bills itself as "America's Most Convenient," was formed in Portland, Maine, in the 1850s, gradually acquired other regional banks, and in 2004 itself was purchased by Canadian banking conglomerate TD Bank Group. Since then, TD Bank has taken an increasingly significant role in real estate lending, particularly in commercial lending. In recent years the bank has bolstered its commercial lending teams in Florida and the Carolinas, and has focused much of its attention on lucrative real estate investment trusts. In 2014 the bank recorded a nearly 10 percent jump in new loans overall, and has been one of the consistent leaders in New York City. The banks real estate arm has focused primarily on the commercial side but has also taken a strong position on new residential development and multi-family units in New York City (though it has stayed somewhat at arms length from supporting development of luxury condos).