TD Bank Announces Major Branch Closures as Part of Digital-First Strategy
TD Bank, one of North America’s largest financial institutions, has confirmed it will permanently close 38 branch locations across 10 U.S. states and Washington, D.C. by June 5, 2025. This move reflects the bank’s ongoing strategy to reduce its physical footprint and pivot further toward digital and mobile banking services as customer behavior evolves.
The closures come amid broader industry trends, where top banks such as JPMorgan Chase, Bank of America, and Wells Fargo have also been trimming their branch networks in response to the growing popularity of online financial services. According to Kiplinger, the rate of branch closures in the U.S. has doubled since 2020.
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Why TD Bank Is Closing Branches
A spokesperson for TD Bank told Fast Company that the decision stems from the bank’s “business-as-usual and strategic reviews,” which analyze factors such as:
- Local store traffic
- Customer usage patterns
- Product engagement
- Changing community needs
The spokesperson noted, “We evaluate the needs of our customers and the communities we serve. Where appropriate, we make changes to ensure our branch network aligns with demand and our long-term vision.” Despite the closures, the bank emphasized that customers would still have access to other nearby branches and the full range of digital banking options.
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Past Controversies: Regulatory Challenges Linger
The closures also follow a challenging year for TD Bank. In 2024, the bank pleaded guilty to federal money laundering violations, agreeing to pay more than $3 billion in fines. U.S. Justice Department officials revealed that TD failed to properly monitor over $18 trillion in transactions, enabling more than $600 million in illegal activity.
At the time, former Attorney General Merrick Garland stated, “TD Bank chose profits over compliance.” The bank’s new CEO, Ray Chun, pledged to overhaul its operations, stating, “We will meet our commitments to our regulators and restore public trust.”
Full List of TD Bank Branches Set to Close by June 5, 2025
The 38 branches span the following states:
Connecticut
- 1289 Foxon Rd., North Branford
- 215 High St., Torrington
District of Columbia
- 1611 Wisconsin Ave. N.W., Washington, D.C.
Florida
- 1590 S. Nova Rd., Daytona Beach
- 160 N.W. Main Blvd., Lake City
- 500 Collins Ave., Miami Beach
Maine
- 112 Main St., Fairfield
- 62 W. Main St., Fort Kent
- 95 Main St., Gorham
- 6 North St. (PO Box 713), Houlton
Massachusetts
- 860 S. Main St., Bradford
- 465 N. Main St., East Longmeadow
- 420 Franklin St., Framingham
- 50 Holyoke St., Holyoke
- 547 Broadway, Methuen
- 2345 Main St., Tewksbury
New Hampshire
- 10 N. Main St., Bristol
- 884 Main St., Contoocook
- 40 High St., Hampton
- 905 Elm St., Wilton
New Jersey
- 85 Pompton Ave., Cedar Grove
- 1 Royal Rd., Flemington
- 670 Laurel Ave., Holmdel
- 191 E. Rte. 70, Marlton
- 145 Skyline Dr., Ringwood
- 555 Warren Ave., Spring Lake Heights
New York
- 460 Pulaski Rd., Greenlawn
- 156 Dolson Ave. A-B, Middletown
- 125 Park Ave., New York (Manhattan)
- 451 Lexington Ave., New York (Manhattan)
- 136 Margaret St., Plattsburgh
Pennsylvania
- 101 Lancaster Ave., Frazer
- 346 W. Trenton Ave., Morrisville
- 8600 Germantown Pike, Philadelphia
South Carolina
- 1501 Main St., Columbia
- 6 Elmshorn Dr., Greer
Virginia
- 6200 Multiplex Dr., Centreville
- 1750 N. Hampton Ave., Reston
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What Customers Should Know
TD Bank has confirmed that all customers affected by the closures will continue to receive support through:
- Remaining open TD branches
- 24/7 online and mobile banking tools
- Customer service phone lines
Customers with accounts at any of the closing branches should have already been contacted with instructions on how to transition their banking services. TD Bank continues to maintain approximately 1,100 locations nationwide, even after the latest closures.
A Sign of the Times: Banking Goes Digital
As more Americans manage their finances digitally, banks are adapting by consolidating branch locations and investing in AI-driven tools, mobile apps, and online services. Analysts say the shift is unlikely to slow down.
For many customers, this means more convenience—but fewer in-person services, especially in small towns and suburban neighborhoods.
