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.
[ RELATED: First Horizon stock tanks amid wider rout for regional banks ]
“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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