This Bank Is Closing Dozens Of Locations, Including 2 In CT

CONNECTICUT — It's now less than a month for TD Bank to shutter dozens more locations across multiple states, including a pair in Connecticut.

The Connecticut closings are part 38 branches designated for this year, according to a 2024 filing with the Office of the Comptroller of the Currency. According to filing, in addition to the pair of Connecticut closings, New England closings include six branches in Massachusetts, four in Maine and four in New Hampshire.

The Connecticut branches to be shuttered are:

• 215 High Street in Torrington
• 1289 Foxon Road in North Branford

June 5 is the designated date. The closures were announced in March.

The decision to close more branches comes as the company continues to deal with the fallout from agreeing to pay a $3 billion fine after pleading guilty in a money laundering scheme that funneled hundreds of thousands of dollars to drug cartels.

The branch closures span 10 states and the District of Columbia and were listed in filings to the Office of the Comptroller of the Currency and a list obtained by Fast Company.

The Torrington branch is located in the Torrington Commons Plaza. The once-mighty shopping center is now devoid of anchor tenants like Stop & Shop and JCPenney and, once the small TD branch leaves, only the liquor store next to it and a smattering of other businesses will remain.

The Torrington closing will leave branches in Watertown, Woodbury, Waterbury and Avon as the closest for Torrington customers.

The North Branford branch is located near a BIg Y supermarket in a busy section. of town. Its closing leaves TD Bank branches at 466 Foxon Road in New Haven and at 1003 West Main Street in Branford as the closest for North Branford customers.

TD Bank released the following statement to Patch:

"TD Bank continuously evolves its business to better meet the needs of its customers, colleagues and communities and meet ever-changing customer expectations. As a result, we've made the decision to close 38 stores across our footprint on June 5, 2025, including two in Connecticut. We are committed to making this transition as smooth as possible for our impacted customers and colleagues and look forward to continuing to provide legendary service in any one of our 52 stores located in Connecticut or via any channel our customers choose.

"We are focused on building the bank of the future by evolving our model and enhancing capabilities to improve the customer experience. As part of this strategy, the bank regularly evaluates its physical store network and looks for opportunities to better align our network of stores to best serve our customers through an optimal mix of convenient TD Bank locations and digital banking products and services.

"Some of our 650-plus colleagues in Connecticut will be impacted by the store consolidation. We are committed to supporting impacted colleagues with resources to assist with the transition."

See the Connecticut locations here.

Before pleading guilty in the money laundering case, federal prosecutors said TD Bank failed to meet its responsibilities under the federal Bank Secrecy Act, which requires financial institutions to report suspicious activity that may be linked to the crime.

Deficiencies in the bank's anti-money laundering compliance program "allowed criminal proceeds to flow" to Colombian cartels, officials said. Some bank tellers also accepted gift cards as bribes in exchange for filing false or misleading reports on certain transactions, according to Deputy Secretary of the Treasury Wally Adeyemo.

"The bank enabled drug trafficking," Adeyemo said.

The bank also agreed to a four-year monitor to oversee "extensive remedial measures," including reviewing its anti-money laundering compliance program, according to federal officials.

TD Bank's U.S. headquarters are in southern New Jersey.