TD Bank has informed federal regulators it plans to close 20 U.S. branches, including two locations in Connecticut.
The New Jersey-based U.S. subsidiary to TD Bank Group recently notified the federal Office of the Comptroller of the Currency it plans to close a branch in Fairfield, at 1643 Post Road, and downtown Wallingford, at 2 North Main St.
The Fairfield branch held $80.1 million in deposits as of June 30, 2023, while the Wallingford branch had $296.4 million, according to Federal Deposit Insurance Corp. data.
TD Bank had 56 branches in Connecticut and controlled $8.9 billion in deposits in the state as of June 30, 2023, FDIC data shows.
That’s down from 67 branches in the state five years ago, and 78 branches a decade ago, FDIC data shows.Â
TD Bank notified the OCC it will be closing 18 other branches in states up and down the East Coast, including New York, New Jersey, Pennsylvania, South Carolina and Massachusetts.
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