TD Bank to close 4 branches in Maine as part of strategic review
File Photo / William Hall
TD Bank plans to close four branches in Maine by June, leaving it with a total of 31 locations in the state.
TD Bank, one of the 10 largest banks in the U.S. and the bank with the largest market share in Maine, plans to close 38 branches nationwide, including four in the Pine Tree State.
The Maine branches are set for closure in early June. They are located at 95 Main St. in Gorham, 112 Main St. in Fairfield, 62 W. Main St. in Fort Kent and 6 North St. in Houlton, according to a spokeswoman for the bank.
That will leave TD Bank with 31 locations in Maine.
“As part of our ongoing strategic and business-as-usual review of TD's retail locations, we evaluate things like store traffic, customer needs, product use and community landscape to determine any needed changes to our physical network — a common practice across the industry,” the bank said a statement emailed to Mainebiz.
“Based on those evaluations, we continuously evolve our retail business to better meet the needs of colleagues and communities as well as ever-changing customer expectations,” the bank added.
The bank said it aims to make the transitions as smooth as possible for customers and colleagues affected by the closures as it pursues an "optimal mix" of convenient branch locations and digital banking products and services.
With close to $6.5 billion in Maine deposits as of June 30, 2024, TD Bank is the state’s top-ranked bank by market share in the 2025 Mainebiz Book of Lists.
Last year, Don Baker took the helm as TD Bank’s commercial market president of northern new England. He succeeded Larry Wold, who recently came out of retirement to take a commercial lending role at Bar Harbor Bank & Trust.
Cherry Hill, N.J.-based TD Bank is a subsidiary of Canadian multinational Toronto-Dominion Bank (NYSE, TSX: TD).
Mainebiz web partners
Most Recent
0 Comments