Business & Tech
Banking Giant To Shut Down 1 MD Branch: What To Know
One of the East Coast's largest banks is shutting down four locations in the DMV, including one in Maryland.
SILVER SPRING, MD — TD Bank, one of the largest financial institutions in the United States, will close dozens of locations along the East Coast, the firm announced Monday.
All told, TD will close 51 branches in 12 states and Washington, D.C., they said. That includes four bank locations in the greater DC-Maryland-Northern Virginia area.
The list of locations has not yet been announced by the bank itself, but was reported by the Washington Business Journal:
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- 8661 Colesville Road, Silver Spring, MD
- 6566 Little River Turnpike, Alexandria, VA
- 6260 Old Dominion Drive, McLean, VA
- 2000 K St. NW, downtown Washington, D.C.
Closures will be in place by Jan. 29, 2026.
TD Bank already shut down these DC area locations earlier this year:
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- 1611 Wisconsin Ave. N.W., Washington, D.C.
- 6200 Multiplex Dr., Centreville
- 1750 N. Hampton Ave., Reston
At Investor Day last month, TD Bank shared plans to deliver that the business called a stronger, more scalable U.S. retail presence through significant store enhancements, tech-forward digital banking capabilities, and personalized, advice-led services.
"In due course, we expect to open new stores in these communities, subject to regulatory approval. 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," TD Bank said Monday.
The announcement comes after the bank pleaded guilty in a federal money laundering scheme and agreed to a $3 billion fine back in October 2024, making it the first national bank to do so.
Deficiencies in the bank's anti-money laundering compliance program "allowed criminal proceeds to flow" to Colombian cartels, officials charged. Details on the case are online here.
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