TD Bank is closing eight branches throughout New Jersey — including three in North Jersey — after closing six branches in the state earlier this year, a company spokesperson confirmed. TD Bank is the 12th largest bank in the U.S. by total assets, according to the Federal Reserve .

The closures come as banks have been scaling back their brick-and-mortar presence and transitioning to online and mobile services, drawing the criticism that at-risk residents including the elderly and people with disabilities won't have easy access to financial services.

All told, the bank could see $2.5 billion in annual savings “as we migrate transactions to digital, grow digital sales, enhance front-line productivity, optimize branch size, hours, location, and capacity,” TD Bank Group Chief Executive O

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