Why did Scottrade sell my brokerage account(s) to TD Ameritrade and my bank account(s) to TD Bank, N.A., rather than sell both accounts to TD Ameritrade?
TD Ameritrade is an industry leading brokerage firm and does not offer bank accounts. This means they could not purchase Scottrade Bank. TD Bank, N.A. is a retail bank. Together, TD Ameritrade and TD Bank, N.A. are working to ensure you receive the same services between your brokerage and bank accounts that you experience today.