There are 7 article(s) tagged Toronto-Dominion Bank:
TD Bank’s agreement includes a commitment to open 25 new physical bank branches in marginalized communities and a pathway to enable affordable home ownership by increasing residential mortgage loans.
After multiple mergers and acquisitions, TD Bank became the seventh-largest U.S. bank by deposits and the 11th largest bank in the U.S. by total assets.
In an updated proxy statement, FHN directs employees on answering client questions about the merger, including questions about its continued involvement in the region.
In a proxy statement filed with the U.S. Securities and Exchange Commission, FHN has disclosed detailed information on its merger with Toronto-Dominion Bank.
FHN president and CEO Bryan Jordan said in a statement released Tuesday that higher long-term rates and global uncertainty impacted operations. Jordan also said FHN is “well positioned” to benefit from rising short-term rates.
A Canadian banking and financial firm will pay $25 a share, a 37% premium on FHN’s last close. Shares of the Memphis-based financial institution were up nearly 32% in early trading.
On a conference call Monday, Feb. 28, Toronto-Dominion group president and CEO Bharat Masrani announced plans to invest $150 million to keep First Horizon employees.Related story:
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