"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.". Wells Fargo offers comprehensive commercial financing services for your institutional, government or business financing needs. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. For more detailed information, please refer to the "Risk Factors and Management" section of the 2020 MD&A, as may be updated in subsequently filed quarterly reports to shareholders and news releases (as applicable) related to any events or transactions discussed under the headings "Significant Events" in the relevant MD&A, which applicable releases may be found on www.td.com. Expertus conducts business in cloud services for the financial sector with more than 1,000 credit unions, banks, businesses and regulatory agencies. 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. 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. 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. Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo. Copyright © 2021 CNW Group Ltd. All Rights Reserved. In-Person Payments Payments can be made at any Wells Fargo banking location. 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. 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. 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. 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 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. 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. Refer to an invoice or your welcome package for the customer and contract number. 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. The Company provides financing solutions to agricultural, golf and turf, industrial, office equipment, and medical industries. The Toronto-Dominion Bank (TD Bank) has announced entering into a definitive agreement to acquire Wells Fargo‘s Canadian Direct Equipment Finance business. 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… 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. 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 … 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. A Cision company. 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. Private Securities Litigation Reform Act of 1995. 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. Enter an invoice number or the serial number of the equipment being leased. TD Securities served as financial advisor and Osler, Hoskin & Harcourt LLP served as legal counsel to TD in connection with this transaction. 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. We're looking for talented people who will put our customers at the center of everything we do. 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. There are several convenient bill pay options available for your Wells Fargo Financial account. Forward-looking statements are typically identified by words such as "will", "would", "should", "believe", "expect", "anticipate", "intend", "estimate", "plan", "goal", "target", "may", and "could". We can also provide full-service lease capabilities for railcars and locomotives through our Wells Fargo Rail team of professionals. Online bill pay is the newest option for most types of accounts and it's free. Wells Fargo serves one in three households in the United States. 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. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). 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.". Image source: Wells Fargo. "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. Marcy Feyereisn Business Support Consultant at Wells Fargo Equipment Finance, Inc. 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. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. 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. 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. Enter your username and password to securely view and manage your Wells Fargo accounts online. We accept telecommunications relay service calls. For further information: Astrid-Maria Ciarallo, [email protected], 416 873 7556; LaTrina Shepherd, [email protected], 312-339-0012. The acquisition is expected to close in the first half of 2021, subject to regulatory approvals and certain other conditions. 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. "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. WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST). Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with US$1.92 trillion in assets. Wells Fargo Equipment Finance, Inc. offers financial services. "This acquisition will be welcome news for both our existing and potential new customers. 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. Others named Ken Walker. 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 … TD said the acquisition, which it expects to complete in the first half of the year, would add scale and capabilities to its existing Canadian equipment-financing business and expand its presence in core markets. Click here to sign on to your Wells Fargo account(s). 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. 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. 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. 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. 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. 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. Automated phone payments or agent-assisted payments can also be made by calling 1-800-289-8004. 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. Customer Service Representative Wells Fargo Equipment Finance Jan 2009 - Jul 2011 2 years 7 months. Examples of material assumptions made by the Bank in the forward-looking statements include assumptions regarding expected synergies, based on the Bank's experience. https://www.merchantmaverick.com/reviews/wells-fargo-equipment-financing 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.. 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. Greater Minneapolis-St. Paul Area 183 connections The business has 1.5 billion Canadian dollars (approximately $1.2 billion) in assets and more than 120 staffers. TD also ranks among the world's leading online financial services firms, with more than 14 million active online and mobile customers. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). More Services. Investment products and services are offered through Wells Fargo Advisors. Wells Fargo & Company was ranked No. Products and services require credit approval. 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. 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. Customer Service Search Opens a dialog. It’s also among the biggest Society for Worldwide Interbank Financial Transactions (SWIFT) North American services bureaus. LRC-1019 Contact us. Deaf or Hard of Hearing Customers We accept all relay calls, including 711. 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. Acquisition strengthens and expands TD Business Banking capabilities across Canada. Caution Regarding Forward-Looking Information. and its subsidiaries. TD had C$1.7 trillion in assets on October 31, 2020. 30 on Fortune's 2020 rankings of America's largest corporations. Customers outside of the United States can call Wells Fargo customer service toll-free from most countries using our international access codes. David Marks, head of Wells Fargo Commercial Capital, issued a statement saying, "This group of talented Canada-based employees and their equipment finance customers … “[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 Equipment Finance is the trade name for certain equipment leasing and finance businesses of Wells Fargo Bank, N.A. Wells Fargo Equipment Finance can offer insight about your financing options and can provide meaningful guidance on how to develop an equipment financing strategy that suits your company's goals. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges. 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. It offers loans and leases for a complete assortment of commercial equipment for Canadian companies. Senior Vice President at Wells Fargo Equipment Finance Huntington Beach, California 500 ... Senior Vice President/Divisional Customer Service Manager at Wells Fargo Bank. “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. 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 … The Bank's acquisition of Wells Fargo's Canadian Direct Equipment Finance business is subject to regulatory approvals and certain other conditions. 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