New York ( TheStreet) -- TD Bank ( TD - Get Report) is still looking for opportunistic acquisitions in the U.S. after acquiring Chysler Financial from Cerberus Capital Management for $6.3 billion.

"I don't think it has a material impact for U.S. acquisitions. It will improve the outlook," TD CEO Ed Clark said on a conference call this morning. "We remain cautious in the U.S. I don't think we are looking at big deals. If we look at deals, they will be smaller."

This year TD acquired three Florida banks through transactions assisted by the Federal Deposit Insurance Corp., including AmericanFirst Bank, First Federal Bank of North Florida and Riverside National Bank of Florida. TD also has made strategic acquisitions throughout the recession such as its purchase of Commerce Bancorp for $7.7 billion.

TD is scooping up net assets of $5.9 billion and $400 million in goodwill with Chrysler. TD won't issue common equity in connection with the transaction.

"We are confident we are going to make Basel III requirements without issuing or raising capital," said Clark.

TD expects the business to rake in a return on invested capital of 20% in three to four years. Clark added that the business will "hopefully" start making new loans prior to the close of the transaction in the second quarter of 2011. The deal will be neutral to earnings in 2011 and add $100 million in adjusted earnings in 2012, according to a bank statement.

TD expects to rebrand Chrysler Financial under TD in the spring of 2011. TD anticipates that restructuring charges will total $3 million to $5 million.

--Written by Maria Woehr in New York.

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