Yes, Banknorth evolved directly into what is now widely known as TD Bank. Originally operating as Banknorth Group in New England, the institution underwent a series of major corporate acquisitions when the Canadian multinational Toronto-Dominion Bank became the majority shareholder, initially rebranding the entity to TD Banknorth. Later, following additional major mergers—most notably with Commerce Bank—the entire operation was consolidated and rebranded simply as TD Bank, functioning legally as TD Bank, N.A. Therefore, historical references to Banknorth point directly to the corporate predecessor of the current major U.S. commercial bank subsidiary.