TD Bank to Close 38 Branches Across the U.S. on June 5 Amid Digital Shift and $3B Money Laundering Scandal

TD Bank will permanently shut down 38 branches across the U.S. on June 5, 2025, as the bank continues to adjust to changing customer habits and ongoing reputation fallout from a $3 billion money laundering penalty in 2024.

The closures affect locations in at least 11 states, including New Jersey, New York, Florida, Massachusetts, and Pennsylvania, among others. TD Bank, which is headquartered in Cherry Hill, New Jersey, says the move comes after a network-wide evaluation and is part of a broader shift toward digital banking and cost-cutting efforts.

Why Are These TD Bank Branches Closing?

A TD Bank spokesperson told USA TODAY the closures are part of “normal business practices” and were made to better align with customer preferences. The bank said it remains committed to assisting affected customers and staff through the transition, offering services at more than 1,000 remaining branches or through digital platforms.

Despite the cuts, TD recently opened new branches in Brooklyn, the Bronx, and Boston’s Nubian Square, signaling a continued focus on growth in urban areas.

TD Bank’s Ongoing Legal Troubles

These branch closures come less than a year after TD Bank pleaded guilty to federal money laundering violations, making it the largest bank in U.S. history to do so. The bank paid over $3 billion in penalties after U.S. authorities found it repeatedly ignored red flags from high-risk clients.

Attorney General Merrick Garland said TD prioritized profits over compliance, creating an environment where criminals could move funds freely without adequate oversight.

Newly appointed CEO Ray Chun pledged major reforms, calling the legal fallout the bank’s “number-one priority.”

Full List of TD Bank Closures by State

Here are the 38 TD Bank branches set to close on June 5, 2025:

Connecticut

North Branford – 1289 Foxon Road
Torrington – 215 High Street

District of Columbia

Georgetown – 1611 Wisconsin Avenue NW

Florida

Daytona Beach – 1590 South Nova Road
Lake City – 160 NW Main Blvd
Miami Beach – 500 Collins Avenue

Maine

Fairfield – 112 Main Street
Fort Kent – 62 West Main
Gorham – 95 Main Street
Houlton – 6 North Street

New Jersey

Cedar Grove – 85-107 Pompton Avenue
Marlton – 191 E Route 70
Ringwood – 145 Skyline Drive
Raritan Township – One Royal Road
Spring Lake Heights – 555 Warren Avenue

Massachusetts

Bradford – 860 South Main Street
East Longmeadow – 465 North Main Street
Framingham – 420 Franklin Street
Holyoke – 50 Holyoke Street
Methuen – 547 Broadway
Tewksbury – 2345 Main Street

New Hampshire

Bristol – 10 North Main Street
Contoocook – 884 Main Street
Hampton – 40 High Street
Wilton – 905 Elm Street

New York

New York City – 125 Park Avenue (42nd & Madison)
New York City – 451 Lexington Avenue (45th & Lexington)
Middletown – 156A-B Dolson Avenue
Plattsburgh – 136 Margaret Street
Greenlawn – 460 Pulaski Road

Pennsylvania

Philadelphia – 8600 Germantown Pike (Chestnut Hill)
Frazer – 101 Lancaster Avenue
Morrisville – West Trenton Ave & Carlisle Ave

South Carolina

Columbia – 1501 Main Street
Greer – 6 Elmshorn Drive (Thornblade)

Virginia

Centreville – Centreville Drive & Machen Road
Reston – 1750 North Hampton Avenue

Are you impacted by the TD Bank closures, or do you prefer digital banking now? Share your thoughts in the comments below.

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