MEMPHIS, Tenn. — First Horizon stakeholders will vote next month on whether to approve the proposed merger with Toronto-Dominion (TD) Bank.
TD Bank Group is offering to buy First Horizon for $13.4 billion.
The move would give TD an immediate stronghold in the Southeast, where First Horizon is the region's fourth-largest bank with locations in 12 states. First Horizon is also the largest bank in Tennessee.
TD Bank said no Memphis branches will close because of the merger.