The TD Bank in Cherry Hill is among the 81 closing across the country, a company spokesperson confirmed Friday.
The TD Bank in Cherry Hill is among 81 stores across the country and 13 in New Jersey that are slated to close, the bank said on Friday.
A TD Bank spokesperson confirmed with Patch Friday that the bank at 1506 Berlin Road in Cherry Hill is among those slated to close.
The decision to close the 81 stores, roughly 6 percent of the company’s total storefronts, comes as part of a continuing re-evaluation of how TD Bank serves customers, according to a statement from the company.
“In reaching a decision to close specific TD Bank stores, we consider many business factors, including the number of customers visiting our stores, transaction volumes, the location’s proximity to other TD Bank stores and the number of customers who use multiple store locations,” company officials said.
The bank has already begun notifying customers of the closures.
Layoffs are likely to follow this news, according to an NJ.com report, but the company hasn’t revealed how many employees will be affected. The publication also reported that the stores will close as of April 23.
Here are the 13 storefronts to close:
- 601 College Drive, Blackwood
- 1506 Berlin Road, Cherry Hill
- 351 Midland Avenue, Garfield
- 1636 Route 38, Lumberton
- 571 New York Avenue, Lyndhurst
- 688 Paramus Road, Paramus
- 430 N Beverwyck Road, Parsippany
- 5 State Highway 31, Pennington
- 536 N Maple Avenue, Ridgewood
- 129 South Black Horse Pike, Runnemede
- 10 Mule Road, Toms River
- 361 Union Boulevard, Totowa
- 560 North Avenue E, Westfield
*Article Courtesy of Smart News
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