TD Bank plans to build approximately 15 stores in Charlotte, NC, by 2025 to serve the city’s rapidly increasing population. The bank anticipates opening an initial set of stores in summer 2023.
At least 25% of the total retail banking locations will be in majority-minority or low-to-moderate (LMI) income areas to ensure more residents have neighborhood access to a bank and financial services, including the Beatties Ford location.
“Charlotte is one of the fastest-growing markets in the country, with significant economic and population growth,” Leo Salom, president and CEO of TD Bank, said. “We recognize the need for many consumers to obtain convenient access to banking services and we look forward to serving these diverse communities.”
The new locations are expected to bring approximately 100 full- and part-time jobs to Charlotte, adding to the bank’s nearly 200 metro employees. TD Bank currently has 11 stores in North Carolina in the Western North Carolina and Wilmington areas.
TD Bank already serves customers and local businesses in Charlotte and has had a non-retail presence in the metro in several services – including commercial real estate, middle market and commercial lending segments – since 2013. TD plans to expand its market share in these areas as well, and recently hired two middle market relationship managers in Charlotte to further serve the region’s mid-size, nonprofit and higher education organizations.
“The greater Charlotte area is increasingly attractive to new residents and companies, and TD Bank is well positioned to serve all customers and businesses, wherever they are on their financial journey,” Hugh Allen, regional president of the Mid-South Metro at TD Bank, said.
“A key part of TD Bank’s culture is our passion for our customers and communities and creating legendary experiences that highlight our Unexpectedly Human brand,” Ernie Diaz, head of consumer distribution, U.S. wealth and TD auto finance at TD Bank, said. “We are excited to provide Charlotteans our relentless focus on customer centricity and a modern, convenient banking experience.”
