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TD Bank closing 81 branches

TD Bank will close 81 of its 1,223 retail branches, almost 7% of all locations, as the COVID-19 pandemic pushes the financial institution from brick-and-mortar locations into digital banking branches, according to a report in the Philadelphia Business Journal.

Cherry Hill-based TD, the U.S. retail banking arm of Toronto's TD Bank Group, said the closings will take place by April 23 and includes locations in 15 states in the bank's Maine-to-Florida footprint, including 10 of the 123 situated in southeastern Pennsylvania and South Jersey, and one in Delaware. TD will also shutter 23 locations in five New England states, 21 in the New York City metro area, 14 in Florida, six in the Washington, D.C., metro and four in the Carolinas.