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The deal, the largest in TD's history, is expected to close during the bank's fiscal first quarter, which ends on Jan. 31, 2023. It will take TD into new markets in Louisiana, Tennessee, Texas and Georgia. TD said it would become the sixth-largest U.S. bank by assets, with business in 22 states, after the deal closes.
“We have been talking about expanding in the Southeast [U.S.] for years,” said Mr. Masrani on a conference call with analysts Monday morning. “We are a patient bank.”
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