In person banking has become more unnecessary every year, and banks are improving their online platforms to ensure that customers are not left bereft by the closing of the physical branches that served them before. While there are some banks that are seemingly maintaining a strong in person, but some like TD Bank are choosing to streamline their operation significantly and close down most of their locations.
It is a tactical decision, after all maintaining physical location incurs on many costs, most of them linked to operations and not services that the customer would appreciate or enjoy, which makes maintaining branches an expense that many banks are now choosing to forego. Especially after the pandemic, when they were finally forced to update their cybersecurity protocols and their online infrastructure.
This means that customers now rarely need a physical location, and between the apps and the ATMs all their services are available. Any doubts or concerns can usually be solved over the phone and it is now rare to have an issue that requires an in person solution.
The move has also helped smaller, struggling banks like TD Bank optimize operations, compete against bigger banks and conserve resources, especially after the money laundering scandal it was involved in last year. Although the TD Bank did not do the actual crime, it was found that their lack of security policies contributed t a climate where the money laundering could happen, and so the bank received a $3 billion fine from the U.S. Department of Justice (DOJ). The bank also received an asset cap of $434 million which contributed to the uncertainty of their operation.
The uncertainty was compounded by a change of leadership that took place after the fines were levied. Raymond Chun was named CEO of TD Bank back in February and it is expected that his tenure will help TD Bank recuperate after all the turmoil.
Prior to the fines being levied, TD Bank had announced that they planned on opening 150 new branches  before 2027 in underserved areas of the country, more commonly known as banking deserts, but between the chain patterns in their clients, who now prefer online banking, and the legal troubles they have encountered, this plan may be pushed back or scrapped altogether. It was a good plan, despite market trends many still prefer in person banking, and some do not have the option to use online services because of lack of access to resources, so the bank would have filled this gap, but for now, all we know is that more branches will be closing soon.
List of TD Bank locations closing in 2025
Connecticut
- 1289 Foxon Rd., North Branford
- 215 High St., Torrington
- District of Columbia
- 1611 Wisconsin Ave. N.W.
Florida
- 1590 South Nova Rd., Daytona Beach
- 160 N.W. Main Blvd., Lake City
- 500 Collins Ave., Miami Beach
Maine
- 112 Main St., Fairfield
- 62 West Main, Fort Kent
- 95 Main St., Gorham
- 6 North St. (PO Box 713), Houlton
Massachusetts
- 860 South Main St., Bradford
- 465 North Main St., East Longmeadow
- 420 Franklin St., Framingham
- 50 Holyoke St., Holyoke
- 547 Broadway, Methuen
- 2345 Main St., Tewksbury
New Hampshire
- 10 North 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 East Rte. 70, Marlton
- 145 Skyline Dr., Ringwood
- 555 Warren Ave., Spring Lake Heights
New York
- 460 Pulaski Rd., Greenlawn
- 156 Dolson Ave. Number A-B, Middletown
- 125 Park Ave., New York City (Manhattan)
- 451 Lexington Ave., New York City (Manhattan)
- 136 Margaret St., Plattsburgh
Pennsylvania
- 101 Lancaster Ave., Frazer
- 346 West Trenton Ave., Morrisville
- 8600 Germantown Pike, Philadelphia
South Carolina
- 1501 Main St., Columbia
- 6 Elmshorn Dr., Greer
Virginia
- 6200 Multiplex Dr., Centreville
- 1750 North Hampton Ave., Reston