First Horizon received shareholder approval for The Toronto-Dominion Bank (TD Bank) to acquire First Horizon. The transaction is expected to close in Q1/23 of TD’s fiscal year subject to U.S. and Canadian regulatory approvals and the completion of other necessary closing conditions.

“Approval of the transaction demonstrates the confidence our shareholders have in the financial and strategic benefits of the transaction and the value it provides our associates, clients and communities,” Bryan Jordan, president and chief executive officer, First Horizon, said. “Following the completion of the transaction, the combined organization will have immediate scale benefits and be well positioned to create extraordinary value with a shared customer-centric strategy and broader client capabilities.”