TD bank Farm nearly 40 locations this summer after evaluating its existing stores.
The National Bank, including Cherry Hill, in New Jersey, confirmed in USA Today after a recent analysis, it “made the decision difficult to close 38 locations on June 5.”
A spokesperson for the bank said that as part of his normal business practices, he regularly assesses existing TD bank stores, which “can cause closings, consolidations or relocations”. The evaluations allow the bank to align its network of stores better with the “needs and preferences of customers”, he added.
“We are committed to making this transition as fluid as possible for our affected customers and colleagues and we are impatient to serve them in one of our 1,000 TD banking locations or through our digital products and services,” said the spokesperson.
Although the bank closes certain locations, the spokesman said they recently opened three new stores – two in New York (Brighton Beach, Brooklyn and Jerome Avenue, the Bronx) and one in Boston (Square Nubian).
According to the Office of the exchange data controllerTD banks fence locations include:
Last year, TD Bank accepted Pay more than $ 3 billion in penalties After having become the largest bank in the history of the United States to plead guilty to federal crimes of money laundering.
According to the government, TD Bank for years has ignored the red flags of high -risk customers and has created a “practical” environment so that bad players to exploit.
“TD Bank has chosen the benefits of compliance in order to reduce its costs,” said US prosecutor Merrick Garland at a press conference at the time, noting that TD was the largest bank to admit that it has violated the bank’s secrecy law.
New CEO of TD Bank Ray ChunAt the time, said the financial institution “would make the necessary changes to put the bank on a stronger basis”.
“This is the number one number one of TD and my number one priority,” said Chun at a conference call in October 2024. “Do not be mistaken, we will respect our commitments to our regulators … We will do the job.”
This article originally appeared on USA Today: TD Bank Closing nearly 40 branches on June 5: see list
