TD Bank and First Horizon entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on Feb. 28, 2022.
TD Bank Group appointed Barbara Hooper and Kelvin Tran as senior executives. Effective May 1, Hooper will become group head, Canadian business banking of TD Bank Group. Tran will take the role of group head, chief financial officer of TD Bank Group, effective March 9.
TD Bank Group signed a definitive agreement to acquire First Horizon in an all-cash transaction valued at $13.4 billion, or $25 for each common share of First Horizon.
Bob Dorrance will retire from the positions of CEO and president of TD Securities on Sept. 1, with Riaz Ahmed succeeding him. In addition, Kelvin Tran will become CFO of TD Bank Group and join the senior executive team along with Barbara Hooper.
For the seventh consecutive year, TD Bank was listed in the DJSI World Index, a benchmark for environmental, social and economic performance.