TD Bank Group and First Horizon Corporation mutually agreed to extend the outside date of their proposed merger transaction from Feb. 27 to May 27 in accordance with the terms of the merger agreement.

TD and First Horizon said they are still fully committed to the merger and continue to make progress in planning for the closing and the integration of the companies. Shareholders of First Horizon voted to approve the transaction, and the companies said progress is being made on a community benefits plan in support of local communities across the TD and First Horizon footprints in the United States.

Customary closing conditions, including approvals from regulatory authorities in the United States and Canada, are required to close the transaction.