8 TD Bank NJ Branches Closing Jan 2026 as Bank Targets $2.5B in Savings including Ramsey
the staff of the Ridgewood blog
Ramsey NJ, TD Bank, a major player and the 12th-largest bank in the U.S. by total assets, is significantly slashing its physical footprint in New Jersey as part of a massive corporate restructuring. The move, which follows six previous closures earlier this year, highlights the accelerating trend of banks transitioning from brick-and-mortar locations to digital and mobile services.
TD Bank Group CEO Raymond Chun announced that the restructuring aims to achieve a massive $2.5 billion in annual savings by optimizing branch sizes, hours, and locations and migrating transactions to digital channels.
“We need to reshape the role of a branch in a digital era. We’re transforming branches from transaction hubs to high-value advice centers,” Chun stated, emphasizing a shift toward an advisory model.
The Impact: Closures and Concerns
The eight upcoming New Jersey closures are part of a larger wave of 51 branches being shut down across 13 states by the bank. While these cost-saving measures excite investors, they raise serious concerns for at-risk residents, including the elderly and those with disabilities, who rely on easy, in-person access to financial services.
⚠️ FULL LIST: TD Bank NJ Branches Closing January 29, 2026
These eight New Jersey locations are scheduled to permanently close their doors on January 29, 2026:
| Location | Address | County/Region |
| Atco | 385 White Horse Pike | Camden County |
| Florham Park | 177 Columbia Turnpike | North Jersey (Morris) |
| Haledon | 418 Belmont Ave. | North Jersey (Passaic) |
| Jamesburg | 230 Forsgate Drive | Central Jersey (Middlesex) |
| Manahawkin | 571 East Bay Ave. | Ocean County |
| Point Pleasant | 232 Richmond Ave. | Ocean County |
| Ramsey | 1100 Lake St. | North Jersey (Bergen) |
| Tinton Falls | 4057 Asbury Ave. | Monmouth County |
This follows earlier closures in 2025, which affected locations in Cedar Grove, Flemington, Holmdel, Marlton, Ringwood, and Spring Lake Heights.
The Money Laundering Shadow
This sweeping corporate overhaul comes shortly after TD Bank was hit with a major compliance crisis. The bank recently agreed to a historic settlement, paying approximately $3.1 billion in penalties to resolve a money-laundering probe. This included pleading guilty to felony charges of conspiracy to commit money laundering, the largest penalty ever imposed on a bank under the Bank Secrecy Act (BSA).
The company is now focused on “getting back to winning” by implementing structural cost cuts and heavily investing in its digital platform—a necessary move to address regulatory requirements and catch up with evolving customer habits.
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They cut back the hours.
I liked it better when it was “Commerce Bank”.