Seven months after Toronto-Dominion Bank closed its biggest banking acquisition here, its U.S. chief executive said it could return to dealmaking sooner than anticipated if the current environment presents solid opportunities.

Bharat Masrani said in an interview Friday that the $437 billion-asset company would "seriously look" at acquisitions while opening branches in the United States. But over the weekend his company was poised to rebrand 575 branches in the Middle Atlantic and Florida inherited from the March acquisition of Commerce Bancorp Inc. of Cherry Hill, N.J., and he cautioned that rebranding the rest of the network remains the main priority.

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