SEBRING - Three years after taking over the Riverside National Bank location, TD Bank announced the closing its Sebring branch.
In an Aug. 15 letter to customers, TD announced it will "move" its Sebring branch at 2190 US 27 N. to its Lake Placid branch, 1 US 27 N.
The letter said accounts "will be transferred automatically." The Sebring branch will close on Nov. 16.
Two weeks ago, Highlands Today called TD Bank Public Relations Manager Martha Gaston to ask whether the Sebring branch was closing.
"TD Bank doesn't comment on rumors and innuendoes," the spokeswoman said.
However, TD is now announcing 33 branches are closing.
The Sebring branch has eight employees, but they will be allowed to reapply for 10 open positions in the county, Gaston said.
Gaston said that the closing was part of the normal course of business, not a reflection of the employees or the bank's performance.
"The change will allow us to deliver the legendary performance we are known for in our stores," Gaston said.
Gaston did not know if the ATM will remain active after the Sebring store goes dark. Some customers will be charged fees if they use non-TD ATMs.
However, she said customers do have other online and mobile banking options. One allows iPhone and Droid phone users to photograph a check, wirelessly send it to the bank, and the check will be deposited.
TD took over all of Riverside's 58 branches, which included Sebring and Lake Placid. Riverside's depositors automatically became TD Bank customers. At the same time, TD also acquired two small banks, AmericanFirst Bank of Clermont and First Federal Bank of Palatka.
Toronto-Dominion is 14th largest commercial bank holding company in the United States with $228,945,721 in assets, the FDIC reported on June. 30. Three years ago, when TD took over Riverside, it reported $152 billion in assets and 6.5 million customers at more than 1,000 retail branches on the East Coast. It also sells insurance, wealth management services, and it is linked to online stockbrokerage TDAmeritrade.