Building upon an acquisition that brought Commerce Capital Markets LLC into its group earlier this year, TD Securities USA LLC plans to expand its public finance business in areas along its already established banking presence on the East Coast.

The firm wants to hire three to four experienced bankers for its public finance group, said Gregory LiCalzi, senior vice president and managing director of public/not-for-profit sector finance for Commerce Capital. TD Bank Financial Group finalized its acquisition of Commerce Capital's parent - Commerce Bancorp Inc. - earlier this year. The public finance group, which for now is still operating under its own name, will work under the TD Securities name.

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