TD pushes US branch expansion amid AML reform

TD is planning to expand its U.S. branch presence in the coming years, aiming for 100 branches by 2028, according to the Canadian bank. CEO Leo Salom stated this is a new strategy, not a revival of plans from 2023. Allison Robinson, head of U.S. retail distribution, emphasized that the bank will focus on areas with growing demand, such as Charlotte, North Carolina, and South Florida.

The bank currently has 1,050 U.S. branches, and the new locations will be strategically placed to boost market share. TD has also expanded its corporate footprint in Charlotte, with a new 91,000-square-foot office space in Ballantyne neighborhood. CEO Raymond Chun highlighted the city's skilled labor pool as a key reason for the location.

The bank aims to have 20 branches in Charlotte, which is just the beginning, as it seeks a presence of 100 branches in North Carolina to fully realize its potential in the marketplace.