TD Bank Is Closing Its Cedar Grove Branch (Here’s When)

CEDAR GROVE, NJ — A TD Bank location in Essex County is one of several that will be closing this spring in New Jersey, the company says.

According to a bank spokesperson, the TD Bank at 85 Pompton Avenue in Cedar Grove will be shutting down on June 5.

Other New Jersey locations that will be closing include the branches in Holmdel, Marlton, Ringwood, Flemington and Spring Lake Heights.

“As part of our normal business practices, 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,” a spokesperson told Patch.

“After a recent analysis, we made the difficult decision to close 38 locations, including six in New Jersey, effective June 5,” the statement continued. “We are committed to making this transition as smooth as possible for customers and look forward to serving them at one of our 216 stores in New Jersey (number effective June 5) or via any channel our customers choose.”

According to a recent sustainability report, TD Bank is the sixth-largest bank in North America by assets and serves more than 27.9 million customers.

This week's announcement comes after the bank pleaded guilty in a federal money laundering scheme and agreed to a $3 billion fine back in October.

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