BOSTON — As TD Bank continues its push toward a more digital-first model, the Canadian banking giant announced plans this week to shutter 51 branches across the East Coast, with significant ripple effects in New England communities already grappling with reduced in-person banking options.
The closures, set for January 2026, will impact Massachusetts, Vermont, Connecticut, and neighboring states, leaving local residents and small business owners to navigate longer drives or app-based alternatives in an era when trust in big banks feels increasingly fragile.
In Massachusetts alone, six locations are on the chopping block, including the TD Bank branch at 390 Main St. in Hyannis on Cape Cod, a spot that’s been a fixture for seasonal visitors and year-round locals alike.
Other affected spots include branches in Pittsfield, Worcester, and Springfield, bringing the total Massachusetts closures this year to at least 12 when combined with earlier rounds in June.
Vermont will lose two branches — in Woodstock and St. Johnsbury — down from 31 current locations statewide, while Connecticut faces three more hits in Torrington, North Branford, and Norwich, on top of two from mid-2025.
New Hampshire and Maine aren’t spared either, with two and three closures respectively, part of a broader wave affecting 12 states and Washington, D.C.
Why Are Banks Closing Branches?
This isn’t TD’s first round of cutbacks in the region. Back in March 2025, the bank filed to close 38 branches nationwide, with 16 of those in New England — six in Massachusetts, four each in Maine and New Hampshire, and two in Connecticut — all timed for June 5.
Those moves followed a similar pattern from 2024, when seven Massachusetts branches shut down amid a stated shift away from underused physical sites.
