TD Bank Closing Paramus Location, 12 Others In NJ

Paramus NJ

29 January, 2021

2:10 PM

Description

PARAMUS, NJ — TD Bank will close 81 stores across the country, including 13 in New Jersey. A TD Bank spokesperson confirmed with Patch Friday that the 688 Paramus Rd. location in Paramus 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