Latest news with #branchclosure
Bloomberg
2 days ago
- Business
- Bloomberg
BNP to Cut 200 Branches by End of 2026 to Kick Off Retail Revamp
BNP Paribas SA Chief Executive Officer Jean-Laurent Bonnafe plans to cut hundreds of domestic retail branches in an effort to lift profitability at a business that has struggled for years. In a first step, the French lender plans to close around 80 branches this year and another 120 next, according to people familiar with the matter. Headcount in the branch network is expected to decline by 5% a year, while staff would be added in online and phone banking.
Yahoo
08-05-2025
- Business
- Yahoo
Popular Bank to Close Nearly 40 Branches Soon
Popular TD Bank will be closing 39 of its branches by June 5. "We've made the difficult decision to eliminate some roles that are no longer aligned with our business model," TD Bank said in a statement, adding "…We are committed to supporting impacted colleagues fairly, with respect and providing resources to assist with the transition," according to The Street. The branches that are closing are located in nearly one dozen states. A full list of closing branches is below. Connecticut North Branford – 1289 Foxon Road, North Branford Torrington Commons – 215 High St, Torrington District of Columbia Georgetown – 1611 Wisconsin Avenue NW, Washington, D.C. Florida Beville Nova – 1590 South Nova Road, Daytona Beach Main Blvd – 160 NW Main Blvd, Lake City South Beach 5th Street – 500 Collins Avenue, Miami Beach Maine Fairfield – 112 Main St, Fairfield Fort Kent – 62 West Main, Fort Kent Gorham – 95 Main Street, Gorham Houlton – 6 North St, Houlton Massachusetts Bradford – 860 South Main St, Bradford East Longmeadow – 465 North Main St, East Longmeadow Framingham – 420 Franklin St, Framingham Holyoke – 50 Holyoke St, Holyoke Methuen – 547 Broadway, Methuen Tewksbury – 2345 Main Street, Tewksbury New Hampshire Bristol – 10 North Main St, Bristol Contoocook – 884 Main St, Contoocook Hampton – 40 High St, Hampton Wilton – 905 Elm St, Wilton New Jersey Cedar Grove – 85-107 Pompton Avenue, Cedar Grove Marlton – 191 E Route 70, Marlton Ringwood – 145 Skyline Drive, Ringwood Raritan Township – One Royal Rd, Raritan Township Spring Lake Heights – 555 Warren Avenue, Spring Lake Heights New York 42nd and Madison – 125 Park Avenue, New York 45th and Lexington – 451 Lexington Avenue, New York Dolson Avenue – 156A-B Dolson Avenue, Middletown Downtown – 136 Margaret Street, Plattsburgh Greenlawn – 460 Pulaski Road, Greenlawn Pennsylvania Chestnut Hill – 8600 Germantown Pike, Philadelphia Frazer – 101 Lancaster Avenue, Frazer Morrisville – West Trenton Ave & Carlisle Ave, Morrisville South Carolina Columbia Main – 1501 Main Street, Columbia Thornblade – 6 Elmshorn Drive, Greer Virginia Centreville – Centreville Drive and Machen Road, Centreville Reston – 1750 North Hampton Avenue, Reston Back in March, Newsweek reported that the decision to close these branches stems from a "$3 billion settlement with the U.S. Department of Justice over money-laundering violations." TD Bank has been an established financial institution since 1919 though it didn't go through rapid growth until the 50s, according to its website. Though its shuttering some of its branch locations, the company itself is still in business and customers will still be able to do their banking through the institution. There are more than 1,100 branch locations across the United States.
