TD Bank has confirmed it will close nearly 40 of its branch locations by June 5, 2025. The decision follows a comprehensive review of its existing retail network and is part of a broader strategy to optimize operations and adapt to changing consumer banking habits.
In a statement, TD Bank emphasized that the closures are intended to strengthen the bank’s ability to meet customer needs and streamline services in light of growing digital engagement. The impacted locations span multiple states, although specific branches slated for closure have not been fully disclosed.
“We carefully considered how we can best serve our customers both now and in the future,” a TD Bank spokesperson said. “These changes reflect shifting customer preferences and our commitment to investing in digital platforms and strategically located branches.”
The closures are not expected to significantly affect staffing levels, according to the bank, as efforts will be made to reassign affected employees to other branches or roles within the company.
This move follows industry-wide trends as more consumers opt for mobile and online banking, leading financial institutions to reassess the necessity and profitability of large physical branch networks. TD Bank, which operates more than 1,100 branches primarily along the East Coast, has been gradually adapting its strategy to align with the evolving landscape of banking services.
Customers whose branches are closing will receive direct communication from the bank, outlining alternative locations and digital support options available to them.
TD Bank reaffirmed its commitment to maintaining a strong community presence and providing uninterrupted service during the transition. The institution will continue evaluating its footprint to ensure the long-term sustainability and efficiency of its operations.
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