TD Bank expands in Florida

The Federal Reserve Board has approved TD Bank’s purchase of The South
Financial Group and Mercantile Bank/Carolina First Bank, meaning the
bank has continued its expansion in South Florida. The deal would make
TD bank the 11th-largest depository organization in Florida, with $7.4
billion in deposits, or 1.8 percent of the deposits in the state. In
April, TD acquired three failed Florida banks. [SFBJ]