TD Bank has confirmed that it will shutter close to 40 of its branches across its network by June 5, 2025. The decision follows an internal evaluation aimed at optimizing its branch footprint and aligning its operations with customers’ evolving banking needs.
This move is part of a broader trend among financial institutions reassessing their brick-and-mortar presence in light of shifting consumer behavior, particularly increased reliance on digital channels. TD Bank stated that the closures are strategic and are designed to help the bank invest more efficiently in technology and resources that support a modern banking experience.
While specific locations slated for closure were not disclosed immediately, the bank emphasized that affected customers will receive advance notice and support in transitioning to nearby branches or digital services.
In a statement, TD Bank underscored its commitment to maintaining personalized service and ensuring continuity through enhanced mobile and online platforms. The bank also noted that it will work with impacted employees to provide opportunities for reassignment or retraining within the organization.
TD Bank operates more than 1,100 locations primarily along the East Coast of the United States. The closures are expected to represent a small percentage of its total footprint but mark a significant initiative to adapt to an increasingly digital banking landscape.
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