Corporate Profile
First Horizon Corp. (NYSE: FHN), with $79 billion in assets as of December 31, 2022, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.
On February 28, 2022, The Toronto-Dominion Bank (“TD”) and First Horizon Corporation (“First
Horizon”) announced that they had entered into a definitive agreement for TD to acquire First Horizon in an all-cash
transaction valued at approximately US$13.4 billion, or US$25.00 for each outstanding share of First Horizon common stock. Together,
TD Bank, America's Most Convenient Bank and First Horizon will be the sixth-largest U.S. bank by assets. The transaction is expected to
close in the first quarter of TD's 2023 fiscal year* subject to U.S. and Canadian regulatory approvals and the completion of other closing
conditions. Until the close of the transaction, First Horizon will continue to be a separate, independent company.
* TD’s fiscal year begins on November 1, 2022 and ends on October 31, 2023.
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