TD Bank Branch Closures – Full List and Timeline
TD Bank plans to close 51 branches and one drive-through across 13 states and Washington, D.C., by the end of 2026, continuing a broader consolidation affecting its physical network throughout North America. The reductions target underutilized locations as the institution accelerates its transition toward digital banking platforms and remote service delivery.
The closures represent approximately 10% of the bank’s 2,154 North American physical locations, according to corporate strategy documents reviewed by The Street. This initiative builds upon earlier shutdowns of 38 branches by June 5, 2025, primarily concentrated in the Northeast corridor, following what executives describe as “business-as-usual reviews” of store traffic and community needs.
Regulatory pressures compound the restructuring. In October 2024, the institution pleaded guilty to anti-money laundering failures involving $18.3 trillion in transactions spanning 2018 through 2024, resulting in penalties between $1.8 and $3 billion and a U.S. asset cap that has slowed expansion plans into the Southeast.
Why Is TD Bank Closing Branches?
90+ U.S. closures announced through 2026 (51 remaining + 38 completed)
Digital banking shift and $2-2.5 billion cost optimization strategy
East Coast concentrations including NY, FL, NJ, MA, CT
Post-AML penalty restructuring under federal asset cap restrictions
Key Strategic Drivers
- Distribution Transformation: CFO Kelvin Tran emphasizes digital migration, AI integration, and vendor consolidation as central to operational restructuring.
- Digital Adoption Targets: The institution aims for 50% digital sales, 70% digital adoption rates, and 90% self-serve transaction capability.
- Traffic Analysis: Locations selected for closure show consistently low foot traffic as customers migrate to mobile applications and online services.
- Cost Savings Initiative: The 2025 Investor Day outlined $2-2.5 billion in savings to fund technology investments and platform modernization.
- Southeast Pause: Previous plans to open 150 branches in the southeastern United States by 2027 face suspension due to regulatory asset cap restrictions.
- Network Optimization: Business-as-usual reviews evaluate store traffic, customer product usage, and community factors to identify underutilized sites.
| Metric | Details | Period |
|---|---|---|
| U.S. Branch Network | 1,100 locations | Current |
| 2026 Closures Announced | 51 branches + 1 drive-thru | By year-end 2026 |
| 2025 Completed Closures | 38 branches (Northeast) | By June 5, 2025 |
| North American Reduction | 10% of 2,154 locations | Through 2026 |
| Cost Savings Target | $2-2.5 billion | Strategic plan |
| Digital Adoption Goal | 70% | 2025 Investor Day |
| Self-Service Target | 90% of transactions | Platform migration |
| U.S. Retail Employees | 28,817 | Current staffing |
| AML Penalties | $1.8-3 billion | October 2024 |
| States Affected | 13 states + Washington, D.C. | 2024-2026 |
Which TD Bank Branches Are Closing?
Specific addresses for the 2026 closure wave span seven jurisdictions, with partial listings available for additional states. The following locations have been identified in official filings and regulatory reports.
Connecticut
- 123 East Main Street, Plainville, CT 06062
- 826 Wolcott Road, Wolcott, CT 06716
- 60 Redding Road, Redding, CT 06829
Washington, D.C.
- 2000 K Street, NW, Washington, DC 20006
Florida
- 255 Alhambra Circle, Coral Gables, FL 33134
- 1500 NE Miami Gardens Drive, North Miami Beach, FL 33179
- 2208 66th Street, St. Petersburg, FL 33710
- 3125 W. New Haven Avenue, Melbourne, FL 32904
Massachusetts
- 1708 Falmouth Road, Centerville, MA 02632
- 45 Central Street, Lowell, MA 01852
- 99 West Street, Pittsfield, MA 01201
- 79 Lynnfield Street, Peabody, MA 01960
- 242 Main Street, Wareham, MA 02571 (drive-thru)
New Jersey
- 571 East Bay Avenue, Manahawkin, NJ 08050
- 232 Richmond Avenue, Point Pleasant, NJ 08742
- 418 Belmont Avenue, Haledon, NJ 07508
- 230 Forsgate Drive, Jamesburg, NJ 08831
- 1100 Lake Street, Ramsey, NJ 07446
New York
- 620 Route 25A, Mount Sinai, NY 11766
- 576 Second Avenue, New York, NY 10016
- 14 Main Street, Hudson Falls, NY 12839
- 482-484 Bergen Street, Brooklyn, NY 11217
Pennsylvania
- 399 Market Street, Philadelphia, PA 19106
Additional States
Closures also affect Maine, Maryland, North Carolina, New Hampshire, Virginia, and South Carolina, though specific street addresses for these locations remain undisclosed in available regulatory filings. No comprehensive Canada-specific closures are listed in the current reports.
Official reports exclude relocated branches from closure counts. Some sites may convert to ATM-only facilities rather than full-service centers, maintaining cash access without teller services.
How Many Branches Is TD Bank Closing and When?
Scale of Network Reduction
The institution maintains approximately 1,100 branches across the United States. The announced closures through 2026 represent roughly 4.6% of the domestic network, though corporate statements indicate a broader 10% reduction target across North America when including relocations and format conversions.
The 2025 wave of 38 closures focused heavily on the Northeast corridor, while the 2026 phase expands geographically to include Southern and Mid-Atlantic states. This pattern reflects ongoing industry-wide consolidation trends affecting regional banking networks.
Completion Timeline
All 51 remaining closures and the single drive-through shutdown are scheduled for completion by December 31, 2026. The phased approach allows for customer notification periods and account migration protocols, though individual location closing dates within that window remain unspecified in public disclosures.
What Is the Impact of TD Bank Branch Closures?
Customer Access Changes
Account holders must transition to digital platforms including the TD mobile application and online banking portals. Automated teller machines remain operational at many affected sites, providing cash withdrawal and deposit capabilities without full branch services.
Employment Implications
The reductions affect operations employing 28,817 U.S. retail staff, though specific layoff figures remain undisclosed. Corporate communications emphasize digital investment and “distribution transformation” rather than workforce reduction metrics, suggesting potential redeployment rather than elimination of roles.
The bank aims for 90% self-serve transaction capability through enhanced mobile interfaces and AI-driven automation tools, with 50% of all sales occurring through digital channels.
Plans to open 150 new branches in the southeastern United States by 2027 face suspension due to the U.S. asset cap imposed following October 2024 anti-money laundering penalties.
Service Alternatives
Customers retain access to deposit and lending services through the mobile application, telephone banking, and ATMs. The institution emphasizes that closures target locations with existing low utilization, suggesting most affected customers already utilize remote channels for routine transactions.
What Is the Complete TD Bank Branch Closure Timeline?
- 2024: Dozens of branches closed across ten states and Washington, D.C., concurrent with October announcements of anti-money laundering penalties totaling up to $3 billion.
- Early 2025: 38 additional Northeast branches shuttered by June 5, 2025, following business-as-usual reviews of store traffic and community needs.
- February 2025: Official filings through February 28 document mixed openings and closings, with specific state reports listing “none to report” for several jurisdictions while detailing new openings in select markets.
- 2025 Investor Day: CFO Kelvin Tran announces $2-2.5 billion cost savings initiatives to fund digital migration, AI integration, and vendor consolidation.
- End of 2026: Final 51 branches and one drive-thru scheduled for closure, completing the 10% North American network reduction.
What Facts Are Confirmed and What Remains Uncertain?
| Established Information | Information Requiring Clarification |
|---|---|
| 51 U.S. branches closing by end of 2026 | Exact closure dates for individual locations |
| 38 branches closed by June 5, 2025 | Total employment impact numbers |
| Digital shift is primary strategic driver | Whether Canadian branches face similar reductions |
| AML penalties total $1.8-3 billion | Specific addresses in ME, MD, NC, NH, VA, SC |
| Addresses identified for seven jurisdictions | Redeployment vs. elimination of staff roles |
| Asset cap restricts Southeast expansion | Conversion vs. closure status for drive-thrus |
How Do These Closures Reflect Industry Trends?
TD Bank’s consolidation mirrors sector-wide transitions from physical infrastructure to digital distribution. The institution’s strategy prioritizes automated solutions over traditional teller services, aligning with broader patterns of declining branch traffic across retail banking nationally.
The emphasis on “distribution transformation” through AI and vendor consolidation reflects competitive pressure from fintech firms and neo-banks operating without legacy branch networks. As customer preferences shift toward mobile-first banking, traditional institutions face pressure to optimize real estate footprints while maintaining community presence in high-traffic markets.
What Have TD Bank Officials Stated?
“Distribution transformation via digital migration, AI, automation, and vendor consolidation.”
— Kelvin Tran, Chief Financial Officer, TD Bank
2025 Investor Day Presentation
“Business-as-usual reviews evaluating store traffic, customer needs, product use, and community factors.”
— TD Bank Official Communications
Regarding 2025 closure criteria
What Is the Bottom Line for Customers?
Account holders should verify their branch status through official locator tools and prepare for increased reliance on mobile applications and ATMs. The 2026 completion date provides transition time, though immediate impacts continue through the Northeast consolidation. Those requiring in-person services should identify alternative locations or familiarize themselves with digital banking capabilities before their local branch closes.
Frequently Asked Questions
How can I find out if my specific TD Bank branch is closing?
Check the official TD Bank branch locator and review the address lists published in the February 2025 regulatory filing. Contact customer service directly for locations not listed in public disclosures.
Will ATMs remain available at closed branch locations?
Automated teller machines remain operational at many affected sites, providing cash withdrawal and deposit capabilities. However, teller services and safe deposit boxes will not be available.
Is TD Bank opening new branches while closing others?
The bank maintains new openings in select markets including Deerfield Beach, Longwood, South Hadley, Worcester, and others through 2024-2025, though Southeast expansion plans face suspension due to regulatory asset caps.
Are Canadian TD Bank branches affected by these closures?
No comprehensive Canada-specific closures are listed in current announcements. The reported closures affect primarily U.S. locations across 13 states and Washington, D.C.
What alternatives exist if my local branch closes?
Customers can access services through the TD mobile app, online banking, telephone support, ATMs, and remaining branch locations within the network. Digital adoption targets suggest 90% of transactions will be self-serve capable.
How does the AML penalty affect branch operations?
The October 2024 guilty plea and resulting asset cap have slowed Southeast expansion plans but do not alter the closure timeline for existing branches. The $1.8-3 billion penalty primarily affects capital allocation for new growth rather than existing operations.
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