Why TD Bank Is Closing Branches Across New England

Today, people don't have to go to the actual bank as much as they used to. It can't be cheap to keep paying all the salaries, real estate taxes, etc. It doesn't come as a shock that TD Bank is closing several locations. These closings, however, may be due to what happened last year.

In October, 2024, TD Bank pleaded guilty to the U. S. Department of Justice Department's Criminal Division for conspiring to launder money. Here's a bit of the background from justice.gov;

TD Bank’s failures enabled three money laundering networks, one of which was assisted by five TD Bank employees, to collectively transfer more than $670 million through TD Bank accounts between 2019 and 2023. As part of its plea agreement, TD Bank will pay a combined $1.8 billion in penalties.

This was the first time a bank ever pleaded guilty to money laundering.

According to the Office of the Comptroller of the Currency, there are several TD Bank locations that are closing in another round of closures since the initial announcement.

Here is a list of the 12 most recent locations in New Hampshire, Maine and Massachusetts:

New Hampshire TD Bank Locations Closing

184 Route 101, Bedford, NH
2561 Main Street, North Conway, NH

Maine TD Bank Locations Closing

32 Goding Ave., Lincoln Plaza, Lincoln, Maine
835 Main Street, Westbrook, Maine
217 High Street, Ellsworth, Maine

Massachusetts TD Bank Locations Closing

According to boston.com;

242 Main Street, Wareham, MA (remote drive thru)
175 Cabot Street, Beverly, MA
153 Meadow Street, Chicopee, MA
1708 Falmouth Road, Centerville, MA
45 Central Ave., Lowell, MA
99 West Street, Pittsfield, MA
79 Lynnfield Street, Peabody, MA\

I hope that the employees of these banks have found something bigger and better for themselves. And, if you go to these banks, I hope you have found another way to get your lollipops.