More TD Bank brick and mortar locations in Massachusetts and New Hampshire are closing. The news that TD Bank was closing 51 branches was announced quite some time ago. In October of 2024, TD Bank pled guilty to the U.S. Department of Justice Department's Criminal Division for conspiring to launder money. No Bank Ever Admitted to Money Laundering Before TD BankAccording to Justice.gov , TD Bank enabled three money laundering networks with the assistance of five TD Bank Employees who laundered more than $670 million through TD Band accounts between 2019 and 2023. TD Bank, as part of a plea agreement, has to pay $1.8 billion in penalties.