TD Bank Hampton Branch, 3 Others Closing In New Hampshire

HAMPTON, NH — TD Bank is preparing to close nearly 40 locations on the East Coast within the next few months, according to reports, including four in the Granite State.

New Hampshire locations to close include 40 High St. in Hampton, 10 N. Main St. in Bristol, 884 Main St. in Contoocook, and 905 Elm St. in Wilton.

“As part of our normal business practices,” a spokesperson said, “we regularly evaluate existing TD Bank stores, which may result in some closures, consolidations, or relocations as we look for opportunities to better align our network of stores with customer needs and preferences.”

This announcement also comes after the bank pleaded guilty in a federal money laundering scheme and agreed to a $3 billion fine back in October — making it the first national bank to do so. The Department of Justice said that for more than a decade, 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 money laundering.

Deficiencies in the bank's anti-money laundering compliance program “allowed criminal proceeds to flow” to Colombian cartels, officials charged. You can read more about that case here.