TD Bank is looking to get bigger
TD Bank, the fourth largest retail bank in Massachusetts, is trying to get bigger fast.
The bank opened seven branches in Massachusetts last year and plans to open as many as 15 more by the end of 2012, the bank's regional president said today. In addition, the bank is considering relocating several existing branches to better locations and adding stand-alone automatic teller machine kiosks.
"It's really to grow our market share in Massachusetts," said TD Bank regional president Mark C. Crandall, who oversees the bank's operations in Massachusetts and Rhode Island. "We think we have a compelling offering from a product, service and convenience standpoint."
Crandall said TD Bank, which currently has 160 branches in Massachusetts, plans to add most of the new locations in Boston and the surrounding suburbs.
The bank, a unit of TD Bank Group of Toronto that is known for offering extensive hours, operates 1,250 branches in 15 states stretching from Maine to Florida. Most of the branches are open seven days a week, including some early morning and evening hours.
TD's expansion likely marks the largest build-out of new branches in Massachusetts since Citibank added 31 branches in the Boston area between 2006 and 2008.