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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.

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