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by Matthew Russell Lee, Patreon Book Substack

SOUTH BRONX/SDNY, Nov 10 – Amid the FDIC's bid to eliminate public notice of and public comment on branch applications, TD Bank - Toronto Dominion - is moving to close 51 more branches, on top of 36 earlier closed.

  On November 10 Fair Finance Watch filed opposition to the Office of the Comptroller of the Currency:

Fair Finance Watch has long been concerned about TD Bank.  Fair Finance Watch has reviewed the just-released 2024 Home Mortgage Disclosure Act data of TD Bank NA not reviewed in any Community Reinvestment Act performance evaluation.

    Nationwide, TD Bank in 2024 denied 3837 applications from African Americans while making fewer, only 3169 loans - while it made fully 44,281 loans to whites and denied only 20,376 applications. This is disparate, and it is systemic.

     In state after state, TD Bank for African Americans has (many) more denials than originations, while the opposite is true for white borrows. The pattern is striking, starting with New York:       In New York, TD Bank in 2024 denied 483 applications from African Americans while making fewer, only 297 loans - while it made fully 2915 loans to whites and denied only 1599 applications. This is disparate.  

   Again, the only enforcement mechanism of CRA is its consideration on applications for deposit facilities: branches. Here TD Bank is closing yet 51 more branches.  A hearing is requested, timely opposition made. For identification: TD Bank is closing more branches throughout this year and next. The bank is closing more branches at the end of 2025 and into 2026 after closing 38 branches earlier in 2025.

 This opposition concerns and applies to: New York 482-484 Bergen St., Brooklyn, 11217 655 Avenue of the Americas, New York, 10010 391 Jericho Turnpike, Jericho, 11853 1144 Walt Whitman Rd., Melville, 11747 620 Route 25A, Mount Sinai, 11766 576 Second Ave., New York, 10016 14 Main St., Hudson Falls, 12839

  Connecticut 123 East Main St., Plainville, 06062 826 Wolcott Rd., Wolcott, 06716 60 Redding Rd., Redding, 06829  District of Columbia 2000 K St., NW, Washington, 20006  Florida 255 Alhambra Circle, Coral Gables, 33134 1500 NE Miami Gardens Dr., North Miami Beach, 33179 2208 66th St., St Petersburg, 33710 3125 W New Haven Ave., Melbourne, 32904 1000 S.E. Highway, Crystal River, 34429 1 US 27 North, 621 East, Lake Placid, 33852  Massachusetts 175 Cabot St., Beverly, 01915 153 Meadow St., Chicopee, 01013 1708 Falmouth Rd., Centerville, 02632 45 Central St., Lowell, 01852 99 West St., Pittsfield, 01201 79 Lynnfield St., Peabody, 01960 242 Main St., Wareham, 02571  Maryland 8661 Colesville Rd., Silver Spring, 20910 Maine 32 Goding Ave., Lincoln Plaza, Lincoln, 04457 835 Main St., P.O. Box 266, Westbrook, 04092 217 High St., Ellsworth, 04605  North Carolina 201 Wren Dr., Hendersonville, 28792 New Hampshire 184 Route 101, Bedford, 03110 2561 Main St., North Conway, 03860  New Jersey 385 White Horse Pike, Atco, 08004 177 Columbia Turnpike, Florham Park, 07932 571 East Bay Ave., Manahawkin, 08050 232 Richmond Ave., Point Pleasant, 08742 418 Belmont Ave., Haledon, 07508 230 Forsgate Dr., Jamesburg, 08831 1100 Lake St., Ramsey, 07446 4057 Asbury Ave., Tinton Falls, 07753   Pennsylvania 399 Market St., Philadelphia, 19106 200 Lancaster Ave., Devon, 19333 9996 Haldeman Ave., Philadelphia, 19115 1064 Second St. Pike, Richboro, 18954 131 East McDade Blvd., Folsom, 19033  South Carolina 260 Columbia Ave., Chapin, 29036 2003 N. Oak St., Myrtle Beach, 29577 5041 Calhoun Memorial Hwy., Easley, 29640 307 North Main St., Marion, 29571  Virginia 6566 Little River Turnpike, Alexandria, 22003 6260 Old Dominion Dr., McLean, 22101  Vermont 27 East Allen St., Winooski, 05404 21 Elm St., Woodstock, 05091

 FFW notes in the FDIC's pending proposal RIN 3064-AG10: "the FDIC has received a limited number of public comments in response to subpart C applications.... Therefore, the FDIC is proposing to eliminate the public notice and related public comment period from subpart C and to make conforming changes to subpart A of 12 CFR part 303 of the FDIC Rules."  

See, e.g., Sept 10, 2025: https://www.americanbanker.com/opinion/the-fdic-is-undercutting-a-key-element-of-the-cra  

 But now the Federal regulator(s) blithely propose(s) to eliminate public notice and public comment on banks' proposals to expand.  The above-quoted reasoning is that few comments are filed. So, that is now changing.

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