TD Bank Closing 81 Branches Nationwide — Three in South Jersey
Not only has COVID-19 been brutal on brick-and-mortar stores, but it's also been tough on banks as more people conduct their financial business online.
NJ.com reports TD Bank has announced plans to close 81 branches across of the country. 13 of the 81 are in New Jersey with three in the southern part of the state.
The local branches that are closing include College Drive in Blackwood, Berlin Road in Cherry Hill, and the Black Horse Pike in Runnemede.
Other branches that are closing are located in Toms River, Lumberton, and further north.
In a statement published by NJ.com, a spokesperson with TD Bank said, "Some TD employees will be impacted by the store closings, although the bank is continuing efforts to redeploy impacted employees. TD is committed to treating our impacted colleagues fairly and with respect and supporting them with resources to assist with the transition."
TD Bank, which is headquartered in Cherry Hill, is a subsidiary of the Canadian multinational Toronto-Dominion Bank. TD Bank has branches in 15 states and Washington, DC. TD is the seventh-largest U.S. bank by deposits and the 8th largest bank in the United States by total assets, according to Wikipedia. TD Bank became popular in the Garden State when it acquired Commerce Bank in May, 2008.
TD Bank says the 81 branches that are closing will be shut-down by the end of April.