Acquisition strengthens and expands TD Business Banking capabilities across Canada TORONTO, Jan. 14, 2021 /PRNewswire/ – The Toronto-Dominion Bank (“TD”) (TSX and NYSE: TD) and Wells Fargo & Company (“Wells Fargo”) (NYSE: WFC) today announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo’s Canadian […]
Wells
Wells Fargo to Sell its Canadian Equipment Finance Business
Toronto-Dominion Bank (NYSE:TD) has announced that it plans to acquire Wells Fargo‘s (NYSE:WFC) Canadian direct equipment-finance business for an undisclosed amount. The unit has assets of roughly 1.5 billion Canadian dollars ($1.18 billion) and over 120 employees. TD Bank expects the purchase to add scale to its existing Canadian equipment […]