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In August 2023, TD Bank announced it would upgrade hundreds of stores over the next several years as part of its Next Generation (NextGen) Store Program. - PROVIDED BY TD BANK
In August 2023, TD Bank announced it would upgrade hundreds of stores over the next several years as part of its Next Generation (NextGen) Store Program. - PROVIDED BY TD BANK
TD Bank closures to hit 6 NJ branches
Kimberly Redmond//March 17, 2025//
Listen to this articleAs part of an effort to streamline operations and adapt to changing customer banking habits, TD Bank plans to shutter more than three dozen retail branches nationwide. The closures include six locations in New Jersey.
Effective June 5, the Cherry Hill-based financial institution will close the following sites:
- Cedar Grove – 85 Pompton Ave.
- Flemington – 1 Royal Road
- Holmdel – 670 Laurel Ave.
- Marlton – 191 E. Route 70
- Ringwood – 145 Skyline Drive
- Spring Lake Heights – 555 Warren Ave.
After June, TD Bank will have 216 branches left in New Jersey.
TD Bank locations in several other states will also close: Connecticut, Florida, Maine, Massachusetts, New Hampshire, New York, Pennsylvania, South Carolina, Virgina and the District of Columbia.
In a statement to NJBIZ, TD Bank said, “As part of our normal business practices, we regularly evaluate existing TD Bank stores, which may result in some closures, consolidations, or relocations as we look for opportunities to better align our network of stores with customer needs and preferences.”
TD Bank went on to describe the decision as a “difficult” one and said it is “committed to making this transition as smooth as possible for customers.”
One of the 10 largest banks in North America, TD Bank operates more than 1,100 retail stores in 15 states and the nation’s capital, serving more than 10 million customers.
In recent years, TD Bank has shut down dozens of locations across the U.S. – including several local branches. The bank has said shrinking its footprint will enable it to reinvest in stores, expand ATM networks and make further improvements to digital and mobile platforms.
The latest wave of closures come five months after federal authorities announced a $3 billion settlement with TD Bank to resolve an investigation into alleged money laundering violations.
By failing to monitor more than $18 trillion in payments over a six-year period, TD Bank enabled the laundering of over $600 million, according to the Department of Justice. As part of the October 2024 resolution, the bank was required to pay hefty fines and cap its worth at $434 million.
