Nearly 40 TD Bank Locations to Shut Their Doors Amid Strategic Shift and Compliance Overhaul
TD Bank is closing 38 of its U.S. branches on June 5, 2025, as part of a major restructuring of its physical retail operations. The decision comes just months after the Canadian-based banking giant admitted guilt in a historic money laundering case, agreeing to pay over $3 billion in penalties in 2024.
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This wave of closures reflects a broader push by the bank to cut costs, meet evolving customer preferences, and respond to regulatory scrutiny in the aftermath of its legal troubles.
Why Is TD Bank Closing Branches in 2025?
According to an official statement from the company, TD Bank routinely evaluates its network of over 1,000 U.S. locations to determine how well they align with customer needs. This analysis can result in closures, consolidations, or relocations. After its latest review, the bank concluded that 38 branches would be shuttered by early June.
A TD Bank spokesperson emphasized:
“We are committed to making this transition as smooth as possible for our impacted customers and colleagues. We look forward to continuing to serve them through our other locations and robust digital banking tools.”
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New TD Bank Branches Opening Despite Closures
Even as it closes dozens of branches, TD Bank continues to expand in select regions. Three new stores have recently opened in:
- Brighton Beach, Brooklyn (New York)
- Jerome Avenue, The Bronx (New York)
- Nubian Square, Boston (Massachusetts)
This mixed strategy reflects the bank’s efforts to consolidate less active locations while reinforcing its presence in high-demand urban markets.
Full List of TD Bank Branches Closing on June 5, 2025
Here are some of the TD Bank locations scheduled to close:
(Note: Full list based on data from the Office of the Comptroller of the Currency.)
- New York:
- 1250 Broadway, New York, NY
- 1401 Flatbush Ave, Brooklyn, NY
- 80-15 Roosevelt Ave, Jackson Heights, NY
- New Jersey:
- 389 State Route 18, East Brunswick, NJ
- 1270 Springfield Ave, Irvington, NJ
- 65 Route 17 South, Hasbrouck Heights, NJ
- Florida:
- 850 W Sample Rd, Pompano Beach, FL
- 9400 Harding Ave, Surfside, FL
- 250 NE 25th St, Miami, FL
- Massachusetts:
- 25 Neponset Ave, Dorchester, MA
- 501 Boylston St, Boston, MA
- 200 Harvard St, Brookline, MA
- Connecticut:
- 1266 Chapel St, New Haven, CT
- 1111 Main St, Bridgeport, CT
(More closures span Pennsylvania, North Carolina, and Washington, D.C.)
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What This Means for TD Bank Customers
If your local branch is closing, TD Bank advises the following steps:
1. Use Digital Services
Customers are encouraged to use TD’s mobile banking app and online banking portal for most services, including deposits, transfers, and bill payments.
2. Visit a Nearby Branch
The bank’s website offers a branch locator to find nearby locations that remain open.
3. Contact Customer Support
TD’s support team can help transition accounts, update contact info, or address concerns during this change.
Background: TD Bank’s $3 Billion Money Laundering Scandal
TD Bank made headlines in 2024 when it pleaded guilty to violating the Bank Secrecy Act, becoming the largest U.S. bank ever to do so. Federal investigators found that the bank ignored multiple red flags, allowing high-risk clients to funnel illicit funds through its systems unchecked.
According to U.S. Attorney General Merrick Garland:
“TD Bank chose profits over compliance in order to keep its costs down.”
As part of its agreement, the bank paid over $3 billion in fines and committed to significant internal reforms, including operational reviews and staff restructuring.
CEO Ray Chun’s Pledge for Change
During TD Bank’s shareholder meeting in April 2025, new CEO Raymond Chun reaffirmed the institution’s commitment to transparency and reform.
“This is TD’s number-one priority, and my number-one priority. We will meet our commitments to our regulators—and we will get the job done.”
What’s Next for TD Bank?
The bank’s shift indicates a greater emphasis on digital services, regulatory compliance, and strategic growth in urban areas. While closures may be inconvenient for some customers, TD Bank insists these changes are designed to improve long-term customer service and reduce systemic risk.
In Summary: What You Need to Know
| Key Point | Details |
|---|---|
| Closures | 38 U.S. branches shutting down on June 5, 2025 |
| Reason | Network realignment and cost-cutting after compliance review |
| Recent Openings | 3 new locations in New York and Boston |
| Digital Banking | Encouraged for convenience and continuity |
| Money Laundering Case | TD paid $3B in penalties for 2024 violations |
| Customer Support | Available online or by phone for assistance |
The TD Bank branch closures in 2025 mark a significant shift in how the bank is restructuring its operations following a major compliance scandal and changing customer behaviors. While the closure of 38 locations may create short-term inconvenience for some, TD Bank is doubling down on its commitment to digital banking and strategically investing in high-demand regions. The move also reflects a broader industry trend where physical branches are becoming less essential in the age of mobile banking.