What does TD Bank, First Horizon merger termination mean for local plans?

CHARLOTTE — Last week, news broke that TD Bank Group’s deal to acquire First Horizon Corp. was called off.

After first announcing that transaction last year, TD outlined plans to build a retail presence in Charlotte — a commitment that won’t likely be affected by the failed merger, the bank told CBJ by email.

“We’ve been eyeing Charlotte for quite some time and this retail expansion has been years in the making,” TD said in its statement. “We view this as a standalone expansion into a critically important market in the Southeast and is not tied to any proposed merger with First Horizon.”

Read more here about the impact of the decision to scrap the merger.

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