Toronto-Dominion Bank said it will close 82 bank branches in the U.S. as part of a “store optimization” in its American unit, where net income dropped in the fiscal first quarter.
Greg Braca, chief executive officer of Toronto-Dominion’s TD Bank U.S. unit, announced the number of closures during the company’s earnings conference call Thursday. Toronto-Dominion said in a filing earlier in the day that earnings at the U.S. retail bank fell 16 per cent to US$615 million, including a 6 per cent increase in expenses that was primarily the result of branch closures.
https://www.bnnbloomberg.ca/td-to-close-82-u-s-bank-branches-as-covid-drives-digital-growth-1.1568883