TD Bank to Close 38 Branches by 2025

Published 3 hours agoTD

TD Bank to Close 38 Branches by 2025

TD Bank has announced plans to close 38 of its branches by June 5, 2025, affecting 10 states and Washington, D.C. This decision will see closures in locations such as Cedar Grove and Holmdel in New Jersey, and Framingham and Tewksbury in Massachusetts. The move is part of the bank's strategy to refine its branch network in line with customer preferences.

In addition to the confirmed six closures each in both New Jersey and Massachusetts, TD Bank will shutter four branches in Maine, including sites in Houlton and Fairfield, and two in Connecticut. Additional closures will occur in states including Florida, New York, and Pennsylvania, as reported by bizjournals.com. The bank plans to support affected employees with transition resources, acknowledging potential layoffs due to the closures.

Despite these changes, TD Bank remains committed to servicing its customers through its remaining 1,100 branches and digital banking platforms. The decision follows a $3.2 billion fine in October 2024 over money laundering issues, which may have impacted the bank's strategic decisions. TD Bank emphasizes that these closures are part of regular business operations to better serve customer needs.

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