Acquisition strengthens and expands TD Company Banking capabilities throughout Canada
TORONTO, Jan. 14, 2021 /CNW/ – The Toronto-Dominion Lender (“TD”) (TSX and NYSE: TD) and Wells Fargo & Corporation (“Wells Fargo”) (NYSE: WFC) today announced a definitive agreement, matter to sure closing ailments, for TD to receive Wells Fargo’s Canadian Immediate Equipment Finance enterprise.
The acquisition of Wells Fargo’s Canadian Immediate Products Finance business enterprise is anticipated to add scale and capabilities to TD’s existing Canadian Products Financing small business and expand TD’s existence in core markets. Wells Fargo’s Canadian Direct Tools Finance’s direct origination product is anticipated to permit TD to much better provide a much more varied set of business enterprise customers in will need of competitive equipment financial loans, leases, and tailored funding services.
“In modern complicated working ecosystem, companies are on the lookout to their bankers to help hold their fleets current, provide new building