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TD Bank to Close 38 Branches Across 10 States and D.C.

The closures, set to be completed by June 5, 2025, are part of a strategic shift toward digital banking following a $3 billion money-laundering settlement.

TD Bank branch in Washington, D.C., on September 7, 2020.
TD Bank is closing branches. 
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Overview

  • TD Bank is closing 38 branches in 10 states and Washington, D.C., with six closures in Massachusetts, including locations in East Longmeadow, Tewksbury, and Holyoke.
  • The closures are part of an operational strategy to adapt to declining in-person banking and increasing digital banking usage.
  • The decision follows a $3 billion settlement with the U.S. Department of Justice over money-laundering violations between 2018 and 2024.
  • TD Bank is providing resources to support employees impacted by the closures and plans to open new branches in underserved areas, such as Nubian Square, Massachusetts.
  • Leadership changes, including the appointment of Raymond Chun as CEO, are aimed at guiding the bank through this transitional period.