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Major Boston-area bank to shutter 7 branches
The closures come as TD Bank works to restructure its physical locations.
TD Bank is closing seven branches in Massachusetts, including two in Boston.
In addition to the Boston locations, the bank is closing branches in Belmont, Brewster, Burlington, Lexington, and Pocasset (Bourne).
According to a bank statement, the branches will close on Sept. 20.
According to the Office of the Comptroller of the Currency, two other branches were recently closed in Worcester and South Hadley.
“The bank regularly evaluates its physical store network and looks for opportunities to better align our network of stores to best serve our customers through an optimal mix of convenient TD Bank locations and digital banking products and services,” TD Bank said in a statement.
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TD Bank said they are making the transition “as smooth as possible” for impacted customers. Additionally, the bank will support impacted colleagues with resources to assist with the transition.
After the closures, TD Bank will continue to have 126 locations in Massachusetts.
TD Bank, North America, is headquartered in Cherry Hill, New Jersey, and is a multinational TD Bank Group subsidiary. TD is the sixth-largest bank in North America by assets and serves over 27.5 million customers globally, according to SEC filings. On April 30, TD had $1.07 trillion in assets.
Here is the list of closures:
2 Barlow’s Landing Road, Pocasset, Bourne
250 Cambridge St., Boston
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185 Franklin St., Boston
307 Trapelo Road, Belmont
RT 6A at Underpass Road, Brewster
2200 District Ave., Suite A, Burlington
419 Lowell St., Lexington
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