TD Bank Group Acquires First Horizon Corporation
February 28, 2022
Toronto-Dominion Bank (TD Bank Group) agreed to acquire First Horizon Corporation in an all-cash transaction valued at US$13.4 billion (US$25.00 per share). The deal creates a top-6 U.S. bank, giving TD immediate scale and presence across the U.S. Southeast while retaining First Horizon's Memphis hub and client-facing bankers.
- Buyers
- TD Bank Group (Toronto-Dominion Bank)
- Targets
- First Horizon Corporation
- Sellers
- First Horizon Corporation shareholders
- Industry
- Financial Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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