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Stakeholders to vote on First Horizon merger next month

The move would give TD an immediate stronghold in the Southeast, where First Horizon is the region's fourth-largest bank with locations in 12 states.

MEMPHIS, Tenn. — First Horizon stakeholders will vote next month on whether to approve the proposed merger with Toronto-Dominion (TD) Bank.

TD Bank Group is offering to buy First Horizon for $13.4 billion

The move would give TD an immediate stronghold in the Southeast, where First Horizon is the region's fourth-largest bank with locations in 12 states. First Horizon is also the largest bank in Tennessee.

TD Bank said no Memphis branches will close because of the merger.