India, May 12 -- In its latest update on branch closures, TD Bank assured thousands of customers of a 'smooth process'. The Canadian multinational banking and financial services corporation, headquartered in Toronto, had to cope with an over $3 billion fine last year after it pleaded guilty to money laundering charges for failing to prevent illegal transactions by drug cartels.

The bank reportedly has plans to open 150 new branches by 2027, but for now, 38 branches across 10 US states will be closed.

In a statement to Banking Dive, a TD Bank spokesperson said: "We are committed to making this transition as smooth as possible for our impacted customers and colleagues and look forward to continuing to provide legendary service via one of ...