11:51 AM EST - TD Bank Group : Announced an agreement to acquire Scottrade Bank, a federal savings bank wholly owned by Scottrade Financial Services, Inc. (Scottrade), for cash consideration equal to the tangible book value of Scottrade Bank at closing, subject to certain adjustments. Under the terms of the proposed acquisition, Scottrade Bank will merge with TD Bank, N. A. As of September 30, 2016, Scottrade Bank's tangible book value was approximately $1.3 billion U.S. and it held approximately $13 billion U.S. in cash and securities, $4 billion U.S. in loans and leases and $15 billion U.S. in sweep deposits from Scottrade. TD currently estimates that it will recognize $175 million U.S. of goodwill related to the acquisition of Scottrade Bank. TD Bank Group
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