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TD Bank Announces Completion of Wells Fargo's Canadian Direct Equity Finance Business Acquisition

TD Bank Announces Completion of Wells Fargo’s Canadian Direct Equity Finance Business Acquisition

TD Bank announced on Monday it has completed the acquisition of
Wells Fargo’s Canadian Direct Equipment Finance business. TD Bank reported that the acquisition adds scale and capabilities to its existing Canadian Equipment Financing business and expands the bank’s presence in core markets.
While sharing more details about the acquisition,
Darren Cooke, President of TD Equipment Finance -Canadian Business Banking at TD Bank Group, revealed:
“This acquisition enhances our position and competitiveness in Canada’s Equipment Finance industry and will allow us to better serve a more diverse set of business customers who require customized financing services and leasing solutions. Our combined teams will bring seasoned expertise in equipment leasing and finance to deliver the strong value of tailored financing and leasing options to customers acr ....

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TD Bank to Acquire Wells Fargo's Canadian Direct Equipment Finance Business - News

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TD Bank to Acquire Wells Fargoâs Canadian Direct Equipment Finance Business
January 15, 2021, 08:17 AM
The Toronto-Dominion Bank (TD) and Wells Fargo & Company announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo s Canadian Direct Equipment Finance business.
The acquisition of Wells Fargo s Canadian Direct Equipment Finance business is expected to add scale and capabilities to TD s existing Canadian Equipment Financing business and expand TD s presence in core markets. Wells Fargo s Canadian Direct Equipment Finance s direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment loans, leases and customized financing services. ....

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TD Bank Group Announces Definitive Agreement to Acquire Wells Fargo's Canadian Direct Equipment Finance Business | Financial Buzz TD Bank Group Announces Definitive Agreement to Acquire Wells Fargo's Canadian Direct Equipment Finance Business

The Toronto-Dominion Bank (NYSE: TD) and Wells Fargo & company (NYSE: WFC) have reported a definitive agreement that is subject to certain closing condition where TD will acquire Wells Fargo’s Canadian direct Equipment Finance Business. This acquisition will add scale and capabilities to TD’s current Canadian Equipment Financing business and expand its presence in core. The Toronto-Dominion Bank (NYSE: TD) and Wells Fargo & company (NYSE: WFC) have reported a definitive agreement that is subject to certain closing condition where TD will acquire Wells Fargo’s Canadian direct Equipment Finance Business. ....

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TD Bank Group to acquire Wells Fargo's Canadian Direct Equipment Finance Business

TD Bank Group to acquire Wells Fargo s Canadian Direct Equipment Finance Business
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Acquisition strengthens and expands TD Business Banking capabilities across Canada
TORONTO, Jan. 14, 2021 /PRNewswire/ - The Toronto-Dominion Bank ( TD ) (TSX andNYSE: 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 Direct Equipment Finance business.
The acquisition of Wells Fargo s Canadian Direct Equipment Finance business is expected to add scale and capabilities to TD s existing Canadian Equipment Financing business and expand TD s presence in core markets. Wells Fargo s Canadian Direct Equipment Finance s direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment loans, leases, and customized financing services. ....

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