TD Bank Branche closures latest news

TD Bank has announced a significant branch closure initiative taking effect on June 5, 2025:

🏦 What’s Happening

38 U.S. branches will permanently close by June 5 across 10 states + Washington, D.C.

The closures reflect about 4% of TD Bank's U.S. network , which spans roughly 1,100 branches

States affected include:

Northeast & Mid-Atlantic: Connecticut, D.C., Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Virginia

Southeast: Florida, South Carolina

💡 Why Branches Are Closing

A routine strategic evaluation based on: branch traffic, customer behavior, and regional needs

Broader industry trend: mobile/digital banking drastically reducing the need for physical branches

Moves partly driven by compliance and cost restructuring following TD Bank's $3 billion money-laundering settlement in 2024

📍 What It Means for You

Your account will not close—balances and account numbers remain intact

You’ll need to:

1. Use digital banking (app/online) for deposits, transfers, etc.

2. Visit another nearby TD Bank branch—the website’s locator can assist

3. ATM services may still be available even if a branch closes

4. If your branch handled special services (loans, safe deposit boxes, business banking), contact TD now to arrange transfers

Broader Banking Shift

TD Bank joins other major banks like Wells Fargo, Bank of America, Santander, and Flagstar in reducing branch footprints

Over 272 U.S. branches closed in Q1 2025 alone—projected 1,600+ closures per year; some analysts predict the end of physical branches by 2041

Affected Branches (By State)

Here’s a quick summary of some closure locations across states:

Connecticut: North Branford & Torrington

D.C.: 1611 Wisconsin Ave. NW

Florida: Daytona Beach, Lake City, Miami Beach

Maine: Fairfield, Fort Kent, Gorham, Houlton

Massachusetts: Bradford, East Longmeadow, Framingham, Holyoke, Methuen, Tewksbury

New Hampshire: Bristol, Contoocook, Hampton, Wilton

New Jersey: Cedar Grove, Flemington, Holmdel, Marlton, Ringwood, Spring Lake Heights

New York: NYC (Park Ave & Lexington Ave), Middletown, Greenlawn, Plattsburgh

Pennsylvania: Philadelphia, Frazer, Morrisville

South Carolina: Columbia & Greer

Virginia: Centreville & Reston

If you live in one of these areas, consider verifying via TD Bank’s branch locator to find the nearest open location.

What to Do Now

Check your local branch to see if it’s on the closure list.

Plan ahead: transfer any in-person services by June 5.

Adopt digital banking for routine transactions.

Contact customer support for help moving accounts, safe deposit boxes, loans, or business banking arrangements.