The planned closure of more than 80 branches by April represents 6% of the bank’s 1,223 locations from Maine to Florida.
The bank says the closing branches were selected because transaction volumes, their proximity to other TD Banks and the number of customers who use multiple store locations.
“TD is continually evolving the way we serve our customers and communities to best meet changing customer expectations and behaviors, remain competitive and drive long-term growth,” the bank said in a written statement.
Customers whose accounts are impacted by the closures have already been notified.
These New Jersey branches will close by April 23:
- 601 College Drive, Blackwood
- 1506 Berlin Road, Cherry Hill
- 351 Midland Ave., Garfield
- 1636 Route 38, Lumberton
- 571 New York Ave., Lyndhurst
- 688 Paramus Road, Paramus
- 430 N. Beverwyck Road, Parsippany
- 5 State Highway 31, Pennington
- 536 N. Maple Ave., Ridgewood
- 129 S. Black Horse Pike, Runnemede
- 10 Mule Road, Toms River
- 361 Union Blvd, Totowa
- 560 N. Ave. E, Westfield
The bank said that its branches are still an important part of its business and reinvestment could include store renovations and new store locations.
M&T Bank closed seven New Jersey branches in August.
ShopRite on Monday announced it was closing 23 in-store pharmacies in New Jersey.
For more information about this New Jersey space or about any other New Jersey commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a New Jersey commercial real estate broker at 856-857-6300.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier New Jersey commercial real estate broker that provides a full range of New Jersey commercial real estate listings and services. Wolf Commercial Real Estate also offers property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail spaces and other New Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of New Jersey commercial properties for lease or sale through our New Jersey commercial real estate brokerage firm.