Did Td Ameritrade Buy Scottrade -

TD Bank Group acquired Scottrade’s banking division, Scottrade Bank , for roughly $1.4 billion in cash.

The merger was originally announced in October 2016 and officially closed on September 18, 2017 . Impact on Customers and Operations TD Ameritrade, Inc. is now at Schwab

TD Ameritrade acquired the brokerage business for roughly $1.7 billion in cash plus 28 million shares of TD Ameritrade common stock.

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