Eight TD Bank branches in New Jersey are among the four dozen branches nationwide expected to permanently close early next year.
According to a spokesperson, the Mount Laurel-based banking giant will shutter the following local sites by Jan. 29, 2026:
- Atco 385 White Horse Pike
- Florham Park 177 Columbia Turnpike
- Haledon 418 Belmont Ave.
- Jamesburg 230 Forsgate Drive
- Manahawkin 571 E. Bay Ave.
- Point Pleasant 232 Richmond Ave.
- Ramsey 1100 Lake St.
- Tinton Fall 4057 Asbury Ave.
After that, TD will have 180 locations in New Jersey.
Planned closures will also impact Connecticut, Florida, Maine, Maryland, Massachusetts, North Carolina, New Hampshire, New York, Pennsylvania, South Carolina, Vermont, Virginia and the District of Columbia, Fast Company reported.
In a statement, a spokesperson for TD said, “At Investor Day last month, TD shared plans to deliver a stronger, more scalable U.S. retail presence through significant store enhancements, tech-forward digital banking capabilities, and personalized, advice-led services.”
“We also regularly evaluate our network to ensure we’re serving our communities where they need us, which at times results in store closures or relocations to nearby neighborhoods. In due course, we expect to open new stores in these communities, subject to regulatory approval,” they said.
The media representative went on to say, “In the meantime, we’re committed to making these transitions as smooth as possible for clients and customers, serving them at more than 1,000 TD Bank locations or via whatever channel they choose.
Streamlining services
One of the 10 largest banks in North America, TD Bank operates more than 2,151 branches in North America. Within the U.S., it has 1,100 branches across 15 states and the nation’s capital.
In a bid to streamline operations and adapt to changing customer banking habits, TD has shut dozens of locations across the U.S. in recent years. That’s included several sites in New Jersey.
The bank has said shrinking its footprint will enable it to reinvest in stores, expand ATM networks, and make further improvements to digital and mobile platforms.
At TD’s investor conference in September, CEO Leo Salom said the bank was “reimagining” its retail distribution model. He said the change comes because customers increasingly expect greater personalization and “an elevated, more seamless omni-channel experience.”
“And to that end, we are accelerating investments in digital and mobile capabilities across sales, onboarding and servicing,” he said, adding that the organization’s goal is to “increase digital acquisition to 50% of total sales, enhance digital adoption to 70%, and drive digital self-serve above 90%.”
