Exhibit 99

[TD Banknorth Inc. Logo]




                                                                 News Release

                                                               Media Contact:
                                                            TD Banknorth Inc.
                                                            Jeffrey Nathanson
                                                               (207) 761-8517
                                            jeffrey.nathanson@tdbanknorth.com

                                   Interchange Financial Services Corporation
                                                               Anthony Abbate
                                                        (201) 703-2265; x2500
                                                                           or
                                                           Anthony Labozzetta
                                                        (201) 703-2265; x2610



FOR IMMEDIATE RELEASE
October 16, 2006


  Interchange Shareholders Overwhelmingly Approve Merger
    * Over 96% of Votes Cast In Favor of Transaction by
      Interchange Financial Services Corporation Shareholders

PORTLAND, Maine - October 16, 2006 - TD Banknorth Inc. ("TD
Banknorth") (NYSE: BNK) and Interchange Financial Services
Corporation ("Interchange") (NASDAQ: IFCJ) announced today that
at its annual meeting held today Interchange shareholders
overwhelmingly voted to approve the merger agreement between TD
Banknorth and Interchange.  More than 96% of the votes cast were
voted in favor of the transaction.

TD Banknorth also announced that it has received all regulatory
approvals related to the transaction which is anticipated to
close early in the first quarter of 2007 with a systems
integration to follow shortly thereafter.

"We look forward to welcoming Interchange's customers to the TD
Banknorth family as we continue our growth in the New Jersey
area," said William J. Ryan, TD Banknorth's Chairman and Chief
Executive Officer.

"We are excited about joining TD Banknorth," said Anthony Abbate,
Interchange's President and Chief Executive Officer.  "The
transaction rewards our shareholders while bringing our customers
and communities a greater array of products and services."

About TD Banknorth Inc.

TD Banknorth Inc. is a leading banking and financial services
company headquartered in Portland, Maine, and a majority-owned
subsidiary of TD Bank Financial Group. At June 30, 2006, TD
Banknorth had over $40 billion of total consolidated assets and
provided financial services to more than 1.5 million households
in the Northeast. TD Banknorth's banking subsidiary, TD
Banknorth, N.A., operates banking divisions in Connecticut,
Maine, Massachusetts, New Hampshire, New Jersey, New York,
Pennsylvania and Vermont. TD Banknorth and TD Banknorth, N.A.,
also operate subsidiaries and divisions in insurance, wealth
management, merchant services, mortgage banking, government
banking, private label credit cards, insurance premium financing
and other financial services, and offers investment products in
association with PrimeVest Financial Services, Inc. The TD
Banknorth common stock trades on the New York Stock Exchange
under the symbol "BNK". For more information, visit
http://www.TDBanknorth.com.

About Interchange

Headquartered in Saddle Brook, N.J., Interchange Bank is New
Jersey's largest independent bank serving Bergen and Essex
Counties, and a wholly owned subsidiary of Interchange Financial
Services Corp. (NASDAQ:IFCJ). With $1.6 billion in assets and 30
branches, Interchange Bank offers innovative financial products
and services to businesses and retail customers. For additional
information, please visit the company's Web site at
www.interchangebank.com.

Forward-looking Information

This press release contains forward-looking statements regarding
TD Banknorth's acquisition of Interchange. Words such as
"expect", "feel", "believe", "will", "may", "anticipate", "plan",
"estimate", "intend", "should" and similar expressions are
intended to identify forward-looking statements. These forward-
looking statements involve certain risks and uncertainties.
Factors that may cause actual results to differ materially from
those contemplated by such forward-looking statements include,
among others, the following possibilities: (1) estimated
synergies from the acquisition cannot be fully realized within
the expected time frame; (2) revenues following the acquisition
are lower than expected; (3) competitive pressure among
depository institutions increases significantly; (4) costs or
difficulties related to the integration of the businesses of TD
Banknorth and Interchange are greater than expected; (5) changes
in the interest rate environment reduce interest margins; (6)
general economic conditions, either nationally or in the markets
in which TD Banknorth will be doing business, are less favorable
than expected; (7) legislation or changes in regulatory
requirements adversely affect the businesses in which TD
Banknorth would be engaged; or (8) factors which would result in
a condition to the transaction not being met. Neither TD
Banknorth nor Interchange undertakes any obligation to update
these forward-looking statements to reflect events or
circumstances that occur after the date on which such statements
were made.

Source: TD Banknorth Inc.
        Interchange Financial Services Corporation