TD Bank drops E.G. plans

EAST GREENWICH – TD Bank, which has expanded rapidly after entering the state last year, is dropping plans for a new branch at a closed Main Street gas station, according to East Greenwich Patch.
Early last month, the bank had presented plans to the Planning Board for a branch with three drive-up lanes at 695 Main St., the site of a closed Sunoco station. The drive-up lanes needed a zoning variance.
TD Bank did not specify why it dropped the plans, but a spokesman told East Greenwich Patch that it still wanted to open a branch in town.
A subsidiary of Toronto-based TD Bank Financial Group, the bank opened its first three Rhode Island branches – or stores, as TD Bank calls them – in Barrington, East Providence and Johnston in November.
TD Bank also opened a location in downtown Providence in February. The bank has said it plans to build another eight offices in Rhode Island by 2013.