TILLY ARMSTRONG DEPUTY CONSUMER EDITOR FOR DAILYMAIL.COM
America's seventh biggest bank will shut 38 branches as it continues to roil from massive penalties related to failures in its anti-money laundering controls.
TD Bank has filed notice with the Office of the Comptroller of the Currency (OCC) to close locations across 10 states on June 5.
Closures will include six each in New Jersey and Massachusetts, five in New York, four in New Hampshire and Maine, and three in Pennsylvania and Florida, according to The Philadelphia Business Journal.
Of the bank's roughly 1,100 branches across the US, it also plans to shutter two locations each in Connecticut, Virginia and South Carolina, and one in Washington D.C.
It comes as banks are shutting branches across the US, leaving communities without access to vital services. Experts are warning that 2025 could be the worst year yet for closures.
TD — ranked seventh in branch numbers and tenth in assets under management — said the closures could lead to some layoffs of branch employees, according to The Philadelphia Business Journal.