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Toronto‑Dominion to Acquire First Horizon, Expanding Footprint in U.S. Southeast
Toronto‑Dominion agreed to buy First Horizon for $13.4 billion in a deal that will broaden TD’s presence across the U.S. Southeast. The announcement follows public attention to a First Horizon branch photographed in Peachtree Corner on March 3, 2022. The transaction was described as a use of TD’s large capital reserves to pursue its largest acquisition to date. The deal signals a significant shift in regional banking ownership that could affect First Horizon locations throughout the Southeast, including markets serving Miami‑Dade residents.
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