In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media and others. WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST). A Cision company. Expertus conducts business in cloud services for the financial sector with more than 1,000 credit unions, banks, businesses and regulatory agencies. We're looking for talented people who will put our customers at the center of everything we do. Wells Fargo Equipment Finance is the trade name for certain equipment leasing and finance businesses of Wells Fargo Bank, N.A. Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with US$1.92 trillion in assets. 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. Customer Service Search Opens a dialog. 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. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. 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. 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. Call us at 1-866-726-4714 or request a contact from our equipment finance professionals. By their very nature, these forward-looking statements require the Bank to make assumptions and are subject to inherent risks and uncertainties, general and specific. We accept telecommunications relay service calls. TD had C$1.7 trillion in assets on October 31, 2020. 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. For further information: Astrid-Maria Ciarallo, [email protected], 416 873 7556; LaTrina Shepherd, [email protected], 312-339-0012. Wells Fargo serves one in three households in the United States. The acquisition is expected to close in the first half of 2021, subject to regulatory approvals and certain other conditions. 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 “subject to certain closing conditions,” according to a Thursday (Jan. 14) announcement. Enter an invoice number or the serial number of the equipment being leased. The Toronto-Dominion Bank (TD Bank) has announced entering into a definitive agreement to acquire Wells Fargo‘s Canadian Direct Equipment Finance business. Examples of material assumptions made by the Bank in the forward-looking statements include assumptions regarding expected synergies, based on the Bank's experience. Customers outside of the United States can call Wells Fargo customer service toll-free from most countries using our international access codes. There is no assurance that the acquisition will be completed as described in this document or at all. Equipment financing transactions are provided in Canada by Wells Fargo Equipment Finance Company. It’s also among the biggest Society for Worldwide Interbank Financial Transactions (SWIFT) North American services bureaus. TD also ranks among the world's leading online financial services firms, with more than 14 million active online and mobile customers. and its subsidiaries. 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. 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. 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. Investment products and services are offered through Wells Fargo Advisors. 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. Image source: Wells Fargo. Marcy Feyereisn Business Support Consultant at Wells Fargo Equipment Finance, Inc. Others named Ken Walker. 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. 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. LRC-1019 Contact us. Forward-looking statements include, but are not limited to, statements made in this document, statements made in the Bank's Management's Discussion and Analysis ("2020 MD&A") in the Bank's 2020 Annual Report 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 under headings "Key Priorities for 2021", and for the Corporate segment, "Focus for 2021", and in other statements regarding the Bank's objectives and priorities for 2021 and beyond and strategies to achieve them, the regulatory environment in which the Bank operates, the Bank's anticipated financial performance, and the potential economic, financial and other impacts of the Coronavirus Disease 2019 (COVID-19). Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. 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. 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 offers comprehensive commercial financing services for your institutional, government or business financing needs. Senior Vice President at Wells Fargo Equipment Finance Huntington Beach, California 500 ... Senior Vice President/Divisional Customer Service Manager at Wells Fargo Bank. Products and services require credit approval. Wells Fargo & Company was ranked No. It offers loans and leases for a complete assortment of commercial equipment for Canadian companies. 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. David Marks, head of Wells Fargo Commercial Capital, issued a statement saying, "This group of talented Canada-based employees and their equipment finance customers … "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. All fields are required. We anticipate a smooth transition and we're confident that the group's strong focus on customers, deep relationships and industry expertise will complement TD's existing business.". "This acquisition will be welcome news for both our existing and potential new customers. The business has 1.5 billion Canadian dollars (approximately $1.2 billion) in assets and more than 120 staffers. “[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. 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