There can be no assurance that the Bank will realize the anticipated benefits or results, and actual results could differ materially from the expectations expressed in the forward-looking statements. Wells Fargo Equipment Finance is the trade name for certain equipment leasing and finance businesses of Wells Fargo Bank, N.A. The Toronto-Dominion Bank (TD) and Wells Fargo have unveiled a deal through which TD will buy the Canadian Direct Equipment Finance operation of Wells Fargo, which is … The Company provides financing solutions to agricultural, golf and turf, industrial, office equipment, and medical industries. David Marks, head of Wells Fargo Commercial Capital, issued a statement saying, "This group of talented Canada-based employees and their equipment finance customers … Customers outside of the United States can call Wells Fargo customer service toll-free from most countries using our international access codes. Click here to sign on to your Wells Fargo account(s). TD is the sixth largest bank in North America by branches and serves over 26 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges. Wells Fargo's Canadian Direct Equipment Finance's direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment loans, leases, and customized financing services. TD had C$1.7 trillion in assets on October 31, 2020. There is no assurance that the acquisition will be completed as described in this document or at all. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. Online bill pay is the newest option for most types of accounts and it's free. Wells Fargo's Canadian Direct Equipment Finance's direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment … Wells Fargo Equipment Finance, Inc. offers financial services. All such statements are made pursuant to the "safe harbour" provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Copyright © 2021 CNW Group Ltd. All Rights Reserved. Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with US$1.92 trillion in assets. Wells Fargo & Company was ranked No. Curiously, however, new PYMNTS research shows that consumers are more willing to share location data with food-ordering apps than with their own bank’s mobile app. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). Call us at 1-866-726-4714 or request a contact from our equipment finance professionals. “This group of talented Canada-based employees and their equipment finance customers will benefit from TD’s strong franchise and allow us to focus our efforts on our U.S. equipment finance capabilities while continuing to serve our asset-based lending and distribution finance customers in Canada,” Head of Wells Fargo Commercial Capital David Marks said in the announcement. Be part of the discussion as PYMNTS CEO Karen Webster and experts from the geo-data sector talk about the revolution in geolocation data usage, and why banks must take part. Wells Fargo’s Canadian Direct Equipment Finance business is based in Ontario and has other offices throughout Canada in locations such as Calgary and Montreal. TORONTO, Jan. 14, 2021 /CNW/ - The Toronto-Dominion Bank ("TD") (TSX and NYSE: TD) and Wells Fargo & Company ("Wells Fargo") (NYSE: WFC) today announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business. The acquisition of Wells Fargo's Canadian Direct Equipment Finance business is expected to add scale and capabilities to TD's existing Canadian Equipment Financing business and expand TD's presence in core markets. "We have enjoyed a relationship with TD for many years, as Canada is an important market for Wells Fargo," said David Marks, Head of Wells Fargo Commercial Capital. The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank's results. It’s also among the biggest Society for Worldwide Interbank Financial Transactions (SWIFT) North American services bureaus. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST), Wells Fargo’s Provision For Credit Losses Drops $823 Million, Finance Teams Surmount The Barriers To Custom Automation, Business T&E Management Firm TravelPerk Buys NexTravel, Grocery Roundup: Walmart, Tesco Meet The New Digital Consumers, Shopping Apps Switch It Up In Latest PYMNTS Provider Ranking. The Toronto financial-services company said the Wells Fargo unit has about 1.5 billion Canadian dollars (US$1.18 billion) in assets and more than 120 employees. Equipment financing transactions are provided in Canada by Wells Fargo Equipment Finance Company. Examples of material assumptions made by the Bank in the forward-looking statements include assumptions regarding expected synergies, based on the Bank's experience. The Toronto-Dominion Bank (NYSE: TD) and Wells Fargo & company (NYSE: WFC) have reported a definitive agreement that is subject to certain closing condition where TD will acquire Wells Fargo… "This acquisition will be welcome news for both our existing and potential new customers. Senior Vice President at Wells Fargo Equipment Finance Huntington Beach, California 500 ... Senior Vice President/Divisional Customer Service Manager at Wells Fargo Bank. Wells Fargo Securities, LLC served as exclusive financial advisor and McCarthy Tetrault LLP served as legal counsel to Wells Fargo. Caution Regarding Forward-Looking Information. Private Securities Litigation Reform Act of 1995. It expands our competitive position in Canada's Equipment Finance industry, builds on our strong track record of legendary customer service, and puts us in a unique position to offer an increased range of in-demand products and services," says David Pinsonneault, Executive Vice President, Commercial and Industrial, Canadian Business Banking, TD Bank Group. More Services. In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media and others. Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo. TD's purchase of Wells Fargo Canadian Direct Equipment Finance business is expected to close in the first half of 2021, subject to receipt of regulatory and Competition Act approvals and clearance, and satisfaction of other customary closing conditions. Forward-looking statements are typically identified by words such as "will", "would", "should", "believe", "expect", "anticipate", "intend", "estimate", "plan", "goal", "target", "may", and "could". Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. With approximately C$1.5 billion in assets and over 120 employees, Wells Fargo's Canadian Direct Equipment Finance business provides loans and leases covering a full range of commercial equipment for businesses across Canada. Wells Fargo serves one in three households in the United States. Refer to an invoice or your welcome package for the customer and contract number. Risk factors that could cause, individually or in the aggregate, such differences include: strategic, credit, market (including equity, commodity, foreign exchange, interest rate, and credit spreads), operational (including technology, cyber security, and infrastructure), model, insurance, liquidity, capital adequacy, legal, regulatory compliance and conduct, reputational, environmental and social, and other risks. Wells Fargo's Canadian Direct Equipment Finance's direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment … Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank's shareholders and analysts in understanding the Bank's financial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. Enter your username and password to securely view and manage your Wells Fargo accounts online. It is anticipated that TD’s acquisition of the business will close in the first six months of this year “subject to receipt of regulatory and Competition Act approvals and clearance, and satisfaction of other customary closing conditions,” according to the announcement. The acquisition is expected to close in the first half of 2021, subject to regulatory approvals and certain other conditions. Customer Service Search Opens a dialog. Deaf or Hard of Hearing Customers We accept all relay calls, including 711. Marcy Feyereisn Business Support Consultant at Wells Fargo Equipment Finance, Inc. In separate acquisitions news, IBM has purchased Canadian FinTech Expertus Technologies in an effort to bolster its hybrid cloud and artificial intelligence (AI) infrastructure in addition to its digital payment strategies. Wells Fargo Equipment Finance (WFEF) is a leading bank-owned equipment leasing and finance company in the U.S. with a portfolio exceeding $48.9 billion, more than 133,000 active customers and 1,100+ team members with coverage in all 50 states and Canada. TD Securities served as financial advisor and Osler, Hoskin & Harcourt LLP served as legal counsel to TD in connection with this transaction. Wells Fargo's Canadian Direct Equipment Finance's direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment loans, leases and customized financing services. "In today's challenging operating environment, businesses are looking to their bankers to help keep their fleets current, deliver new construction equipment to job sites, and support manufacturing businesses with timely customized financing and leasing solutions that help drive their competitiveness," says Darren Cooke, Vice President, TD Equipment Finance, Canadian Business Banking, TD Bank Group. From time to time, The Toronto-Dominion Bank (the "Bank" or "TD") makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. Especially in light of the uncertainty related to the physical, financial, economic, political, and regulatory environments, such risks and uncertainties – many of which are beyond the Bank's control and the effects of which can be difficult to predict – may cause actual results to differ materially from the expectations expressed in the forward-looking statements. 30 on Fortune's 2020 rankings of America's largest corporations. All such factors should be considered carefully, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements, when making decisions with respect to the Bank and the Bank cautions readers not to place undue reliance on the Bank's forward-looking statements. Wells Fargo’s Canadian Direct Equipment Finance’s direct origination model is expected to allow TD to better serve a more diverse set of business customers in need of competitive equipment loans, leases, and customized financing services. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. “[The acquisition] expands our competitive position in Canada’s Equipment Finance industry, builds on our strong track record of legendary customer service, and puts us in a unique position to offer an increased range of in-demand products and services,” David Pinsonneault, executive vice president, Commercial and Industrial, Canadian Business Banking, TD Bank Group, said in the announcement. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. TD also ranks among the world's leading online financial services firms, with more than 14 million active online and mobile customers. Automated phone payments or agent-assisted payments can also be made by calling 1-800-289-8004. We're looking for talented people who will put our customers at the center of everything we do. The Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf, except as required under applicable securities legislation. Headquartered in Mississauga, with regional offices across the country, including Montreal and Calgary, Wells Fargo's Canadian Direct Equipment Finance business has a 25-year operating history, which includes the acquisition by Wells Fargo of GE Capital's Canadian Equipment Finance business in 2016. Wells Fargo offers comprehensive commercial financing services for your institutional, government or business financing needs. Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and overseas.. Enter an invoice number or the serial number of the equipment being leased. A Cision company. and its subsidiaries. Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2020 MD&A under the headings "Economic Summary and Outlook" and "The Bank's Response to COVID-19", for the Canadian Retail, U.S. Retail, and Wholesale Banking segments, "Key Priorities for 2021", and for the Corporate segment, "Focus for 2021", each as may be updated in subsequently filed quarterly reports to shareholders. "We are excited to welcome Wells Fargo's Canadian Direct Equipment Finance team of highly skilled and experienced industry professionals to TD and leverage their deep expertise in equipment leasing and finance for the benefit of our highly-valued customers nationwide.". About: From the online betting sector where one’s physical location at the time of wager is a matter of state law, to banks complying with stringent international Know Your Customer (KYC) regulations, geolocation services are proving a powerful weapon against fraudsters. Examples of such risk factors include the economic, financial, and other impacts of the COVID-19 pandemic; general business and economic conditions in the regions in which the Bank operates; geopolitical risk; the ability of the Bank to execute on long-term strategies and shorter-term key strategic priorities, including the successful completion of acquisitions and dispositions, business retention plans, and strategic plans; technology and cyber security risk (including cyber-attacks or data security breaches) on the Bank's information technology, internet, network access or other voice or data communications systems or services; model risk; fraud to which the Bank is exposed; the failure of third parties to comply with their obligations to the Bank or its affiliates, including relating to the care and control of information, and other risks arising from the Bank's use of third-party service providers; the impact of new and changes to, or application of, current laws and regulations, including without limitation tax laws, capital guidelines and liquidity regulatory guidance and the bank recapitalization "bail-in" regime; regulatory oversight and compliance risk; increased competition from incumbents and new entrants (including Fintechs and big technology competitors); shifts in consumer attitudes and disruptive technology; environmental and social risk; exposure related to significant litigation and regulatory matters; ability of the Bank to attract, develop, and retain key talent; changes to the Bank's credit ratings; changes in currency and interest rates (including the possibility of negative interest rates); increased funding costs and market volatility due to market illiquidity and competition for funding; Interbank Offered Rate (IBOR) transition risk; critical accounting estimates and changes to accounting standards, policies, and methods used by the Bank; existing and potential international debt crises; environmental and social risk; and the occurrence of natural and unnatural catastrophic events and claims resulting from such events. Image source: Wells Fargo. LRC-1019 Contact us. https://www.merchantmaverick.com/reviews/wells-fargo-equipment-financing For further information: Astrid-Maria Ciarallo, [email protected], 416 873 7556; LaTrina Shepherd, [email protected], 312-339-0012. Products and services require credit approval. Others named Ken Walker. We can also provide full-service lease capabilities for railcars and locomotives through our Wells Fargo Rail team of professionals. Wells Fargo Capital Finance is the trade name for certain asset-based lending services, senior secured lending services, accounts receivable and purchase order finance services, and channel finance services of Wells Fargo & Company and its subsidiaries. Described in this document or at all Fargo Rail team of professionals the Company provides financing solutions to agricultural golf... Fargo serves one in three households in the first half of 2021, subject to regulatory and! 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