WILMINGTON, DE, Oct. 17, 2022 – TD Bank, America’s Most Convenient Bank®, announced today that it provided a $18 million, tax-exempt loan to YMCA of Delaware for the construction of a new facility in Middletown. The loan was completed by Matthew Barnes, TD Bank Relationship Manager, and Lisa Kirkwood, Regional Vice President of Delaware, TD Bank.
The loan supports the construction of a new, 55,000-square-foot facility located at 202 E. Cochran St. It is anticipated to be complete in the fall of 2023.The new facility will have an indoor aquatics center, expanded health and wellness facilities, a child watch center, youth STEM Room, and Kids Adventure Zone, among other amenities.
The YMCA's temporary location in Middletown, which has been operating since 2017, currently serves about 1,000 residents. Total project costs are anticipated to be $26 million, to be funded through the YMCA of Delaware capital campaign and TD Bank loan proceeds.
“Middletown needs and deserves this new YMCA. We are grateful for TD Bank's partnership, which makes this state-of-the-art YMCA facility in the heart of the MOT (Middletown, Odessa and Townsend) Region possible and will positively impact tens of thousands of community members,” said Linda Risk, YMCA of Delaware Chief Operating Officer.
Founded in 1891, the YMCA of Delaware serves approximately 90,000 members through its seven branches statewide, a youth resource center in downtown Wilmington, and an overnight camp and conference center in Worton, Maryland.
"The YMCA is an essential organization in many communities and its new facilities will greatly benefit the rapidly expanding population of Middletown," Kirkwood said. "TD is pleased to support the YMCA as they grow and serve the city."
TD Bank's Delaware presence includes a hub in Wilmington and 12 stores. The local team offers businesses of all sizes statewide a wide array of commercial and small business banking and loan products including business checking accounts, corporate credit cards, cash management and payment processing, working capital loans and real estate mortgages, bond purchases and equipment leases. Visit www.tdbank.com for more information.
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 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 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.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_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/us.
About the YMCA of Delaware
The YMCA of Delaware is Delaware's largest nonprofit organization committed to empowering youth, fostering healthy living, and promoting strong communities. With seven branches statewide, a youth resource center, and an overnight camp and conference center in Worton, Maryland, the Y has developed longstanding relationships and a physical presence in Delaware so it can deliver lasting personal and social change. We are committed to serving everyone – regardless of age, income, or background – nurturing the potential of every child and teen, improving Delaware's health and wellbeing, and creating a healthy, inclusive community where all people reach their full potential. www.ymcade.org
Media Contact:
Martha A. Gaston, APR
TD Bank
martha.gaston@td.com
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