TD Bank is closing its branch in the township, among 20 that are shutting down in nine states across the United States.
The branch closure in Bucks County comes after closing a location earlier this year in Hatboro in neighboring Montgomery County.
The other Pennsylvania closings are in Skippack, Bethlehem, and Allentown.
According to a filing with the federal Office of Comptroller of the Currency, the bank’s branch on Hulmesville Road in Bensalem will be shut down. A closing date was not disclosed in the filing.
Councilwoman Michelle Benitez, posted social media she managed the Hulmeville branch from 2015 to 2022.
“It’s sad to see it go,” she said. “I’ve worked with and met so many great people in our community through my time at this branch.”
The bank said in a statement it regularly evaluates its network of branches to in order “to best serve our customers through an optimal mix of convenient TD Bank locations and digital banking products and services.”
The bank is committed to evolving its banking model and enhancing the customer experience, despite ongoing discussions with U.S. regulators regarding an anti-money laundering investigation. TD aims to open nine new branches and renovate almost 100 more in 2024, maintaining its long-term growth strategy, said TD Bank U.S. CEO Leo Salom.
In recent federal filings, TD Bank listed several locations for closure, including branches in South Carolina, New Hampshire, seven in New York, Vermont, two in Maine, and two in Massachusetts.
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