A Massive Bank Is Now Confirming More Painful Closures

A massive bank is now confirming more painful closures across the east coast, with several other branches slated to shutter this year.

TD Bank is closing down an additional 20 locations across Connecticut, Pennsylvania, Massachusetts, Maine, North Carolina, New Hampshire, New York, New Jersey, South Carolina, and Vermont.

Altogether, TD Bank is slated to close 53 locations this year.

“We are focused on building the bank of the future by evolving our model and enhancing capabilities to improve customer experience and enable long-term growth,” the bank said in a statement.

“As part of this strategy, the bank regularly evaluates its physical store network and looks for opportunities to better align our network of stores to best serve our customers through an optimal mix of convenient TD Bank locations and digital banking products and services,” they added.

The news comes as locations in Pennsylvania’s Cherry Hill, Washington Township, Westtown, Hatboro, and Shippack closed earlier this year.

Local customers were furious with the closure, as one wrote in a Facebook group, “Horrible bank!!! Left them years ago.”

Another took out their grievances with the bank on X, writing, “I swear TD Bank goes out of their way to provide the worst service possible.

Time to find a bank that gives a damn.”

The communities impacted include two branches in Connecticut, three in Pennsylvania, seven in Massachusetts, one in Maine, one in North Carolina, two in New Hampshire, two in New York, one in New Jersey, one in South Carolina, and one in Vermont.

A spokesperson for TD Bank told The Philadelphia Business Journal that this is the last batch of closings for the year.

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Also Read: A Massive US Bank is Now Closing Credit Cards

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Market News Today - A Massive Bank Is Now Confirming More Painful Closures.
Market News Today – A Massive Bank Is Now Confirming More Painful Closures.

A banker is now convicted for stealing money from customers while working at Bank of America over a 10-year period.

The personal banker was arrested after her years-long scam, resulting in nearly $300,000 being stolen, came to light.

Police in Seneca, South Carolina said they received a report in 2013 about missing money from an account with Bank of America.

The victim, who also reported the incident to the Customer Service department, told police he was missing around $30,000.

Investigators worked with Bank of America for several weeks after the crime was reported and learned that an employee who had been stealing money from several people in Oconee County.

The police said the victims would use the Bank of America location in Seneca as their primary bank and Bobbi Cortese was their personal banker.

Seneca Police investigators and the US Secret Service spent nearly a decade doing more interviews.

Meanwhile, Bank of America was given time to complete an internal investigation.

It was revealed that Cortese had stolen nearly $300,000 from four people while working at the bank.

Some of the money was in the victims’ bank accounts for life insurance payouts related to the deaths of their spouses.

Others had a lifetime of earnings that was supposed to be used for their retirement, said police.

Cortese would open accounts under the victims’ names without their knowledge or consent and would perform a “shell game.”

This is when a scammer uses the money from one victim to replace what she stole from another victim.

After investigating further, police said Cortese forged several documents and issued them to the victims to hide the theft.

She committed these acts for about four years while working at the Bank of America, said police.

Cortese was arrested in May 2023 and charged with four counts of breach of trust and two counts of forgery.

She was later fired by the bank, reports The-Sun.

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Also Read: A Massive Bank Now Freezes Money From Direct Deposits

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Market News Today - A Massive Bank Is Now Confirming More Painful Closures.
Market News Today – A Massive Bank Is Now Confirming More Painful Closures.

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