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 across Canada.”
Restflix, a science-backed streamingservice designed for better anddeeper sleep, has officially .
Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering
Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem .
Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M
Brooklyn, NY, April. 14, 2021 Pakt, Inc., a company that createsgear built for the modern traveler, .
SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform.
This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. For a minimum .
(Separate multiple addresses with a comma)
Your Email Address
Your Message (optional)
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.
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.
TD Bank Group to acquire Wells Fargo s Canadian Direct Equipment Finance Business
News provided by
Share this article
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.