 He became Assistant General Manager in 1953 and was one of those most intimately involved in the negotiations for the merger of the Bank of Toronto and the Dominion Bank in 1955.As General Manager of the new Toronto-Dominion Bank he managed the delicate business of uniting two corporate cultures and building a style and image for a renewed and ambitious organization.Allen Lambert became President of The Toronto-Dominion Bank (TD) in 1960 and Chairman the following year.