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TD Bank Closes 6 NJ Branches Amid Activist Concerns

6/5/2025

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Story summary
  • TD Bank will close six branches in New Jersey on June 5, as part of 38 nationwide closures.
  • Affected locations include Cedar Grove, Flemington, Holmdel, Marlton, Ringwood, and Spring Lake Heights.
  • The bank cites normal business practices for the closures, unrelated to a recent $3 billion settlement.
  • Activists express concern that these closures may lead to "banking deserts" in vulnerable communities.