TD Bank is planning to close at least 37 branches across 10 states and Washington, D.C., as part of a broader effort to streamline operations and adapt to changing customer banking habits.
The decision comes amid ongoing recovery efforts for the company, which is still grappling with the fallout from a $3 billion payout after pleading guilty to money laundering and failing to prevent illegal transactions.
In October 2024, the Department of Justice (DOJ) revealed that over a six-year period, TD Bank had neglected to monitor more than $18 trillion in payments, enabling the laundering of over $600 million. As part of the settlement, the bank was required to pay hefty fines and cap its worth at $434 million.
The branch closures were listed in filings to the Office of the Comptroller of the Currency (OCC). Some of the locations were reported earlier by local publications, including the Philadelphia Business Journal.
The move will impact communities in the Northeast, Mid-Atlantic, and Southeast, with affected branches spanning Connecticut, Florida, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, South Carolina, Virginia, and Washington, D.C.
A representative of TD Bank told Fast Company: “As part of our ongoing strategic and business-as-usual reviews of TD’s retail locations, we evaluate things like store traffic, customer needs, product use, and community landscape to determine any needed changes to our physical network.” And added: “We are committed to making this transition as smooth as possible for our impacted customers and colleagues and look forward to continuing to provide legendary service via one of our approximately 1,100 stores or any channel our customers choose.”
Below is a state-by-state list of the locations:
Connecticut (2)
- North Branford Branch – 1289 Foxon Road, North Branford, New Haven County
- Torrington Commons – 215 High St, Torrington, Litchfield County
- District of Columbia (1)
- Georgetown – 1611 Wisconsin Avenue NW, Washington, D.C.
Florida (3)
- Beville Nova – 1590 South Nova Road, Daytona Beach, Volusia County
- Main Blvd – 160 NW Main Blvd, Lake City, Columbia County
- South Beach 5th Street Branch – 500 Collins Avenue, Miami Beach, Miami-Dade County
Maine (5)
- Fairfield – 112 Main St, Fairfield, Somerset County
- Fort Kent – 62 West Main, Fort Kent, Aroostook County
- Gorham Branch – 95 Main Street, Gorham, Cumberland County
- Houlton – 6 North St (PO Box 713), Houlton, Aroostook County
Massachusetts (6)
- Bradford – 860 South Main St, Bradford, Essex County
- East Longmeadow – 465 North Main St, East Longmeadow, Hampden County
- Framingham Franklin Street – 420 Franklin St, Framingham, Middlesex County
- Holyoke – 50 Holyoke St, Holyoke, Hampden County
- Methuen Broadway – 547 Broadway, Methuen, Essex County
- Tewksbury 2345 Main Street – 2345 Main Street, Tewksbury, Middlesex County
New Hampshire (4)
- Bristol NH – 10 North Main St, Bristol, Belknap County
- Contoocook/Main – 884 Main St, Contoocook, Hillsborough County
- Hampton – 40 High St, Hampton, Rockingham County
- Wilton Lyndeborough – 905 Elm St, Wilton, Hillsborough County
New Jersey (5)
- Cedar Grove – 85-107 Pompton Avenue, Cedar Grove, Essex County
- Marlton East Branch – 191 E Route 70, Marlton, Burlington County
- Ringwood – 145 Skyline Drive, Ringwood, Passaic County
- Royal Road – One Royal Rd, Raritan Township, Hunterdon County
- Spring Lake Heights – 555 Warren Avenue, Spring Lake Heights, Monmouth County
New York (5)
- 42nd and Madison Branch – 125 Park Avenue, New York, New York County
- 45th and Lexington Store – 451 Lexington Avenue, New York, New York County
- Dolson Avenue – 156A-B Dolson Avenue, Middletown, Orange County
- Downtown Branch – 136 Margaret Street, Plattsburgh, Clinton County
- Greenlawn – 460 Pulaski Road, Greenlawn, Suffolk County
Pennsylvania (3)
- Chestnut Hill Branch – 8600 Germantown Pike, Philadelphia, Philadelphia County
- Frazer Branch – 101 Lancaster Avenue, Frazer, Chester County
- Morrisville Branch – West Trenton Ave & Carlisle Ave, Morrisville, Bucks County
South Carolina (2)
- Columbia Main Branch – 1501 Main Street, Columbia, Richland County
- Thornblade Branch – 6 Elmshorn Drive, Greer, Greenville County
Virginia (2)
- Centreville Branch – Centreville Drive and Machen Road, Centreville, Fairfax County
- Reston – 1750 North Hampton Avenue, Reston, Fairfax County
