Rocanville TD branch to close
December 10, 2024, 1:21 pm
Ryan Kiedrowski, Local Journalism Initiative Reporter
The Rocanville TD Canada Trust branch will be closing next summer, with Rocanville’s customer accounts being transitioned to the branch in Yorkton.
“After careful consideration, we’ve decided to close our Rocanville branch as of Aug. 22, 2025,” confirmed Mick Ramos, Manager of Corporate and Public Affairs - Western Canada with TD Bank Group. “Customer accounts will be transitioned to our next closest branch, located in Yorkton, which offers longer hours and a wider array of services.”
Aside from TD, the only other bank in town is the Conexus Credit Union branch located across the street.
“We continually assess customer demand for our branch network and adjust our operations accordingly,” Ramos explained. “We remain committed to serving the Rocanville community and look forward to welcoming customers to our Yorkton branch. Customers can also continue to access EasyLine, EasyWeb, the TD Mobile App or other branches for in-person or virtual appointments for all of their banking needs. We’ll continue to provide the same level of service our customers have come to expect from us across this variety of channels.”
News of the impending closure came before Rocanville Town Council during a recent meeting as a correspondence item. Town Administrator Tanya Strandlund said she was at a loss for words upon learning of the bank leaving Rocanville.
“It is very unfortunate for our community that the higher levels of TD have decided to close our bank,” she said. “There’s nothing we can do about it, so we’re here to support the people that do work there and use the bank.”
Last week also saw TD Bank Group release their fourth quarter report and fiscal 2024 results to the end of October. Reported earnings were up 26.8 per cent compared to the fourth quarter of 2023 with $3.6 billion, and adjusted earnings were $3.2 billion—down eight per cent.
Fourth-quarter Canadian Personal and Commercial Banking revenue hit a record $5.1 billion, prompted on by a seven per cent increase in loan and deposit volumes, plus improved margins.
“Despite a challenging quarter, we are pleased with the bank’s underlying fundamentals, which were reflected in our revenue growth. This quarter, we delivered higher fee income in our markets-related businesses, volume growth in Canada, and stable deposits in the U.S.,” said Bharat Masrani, Group President and CEO, TD Bank Group in a news release. “A key development this quarter was the resolution of our U.S. AML (Anti-Money Laundering) matters, bringing important clarity to our stakeholders. Remediation is our number one priority, and we continue to make meaningful progress in addressing the failures.”
As for fiscal year earnings, TD reported an adjusted net income of $14.3 billion, falling just short of the $15 billion recorded last year.
“TD faced challenges in 2024, but we have a strong Bank, with well-positioned businesses serving millions of customers. Our AML remediation is our top priority, and we remain focused on strengthening our risk and controls to meet our obligations,” said Raymond Chun, Chief Operating Officer, TD Bank Group. “I’m confident that in the year ahead, we will refresh our strategy, drive change, and enhance efficient execution to deliver for our shareholders and all stakeholders.”
As for Rocanville customers, further details are limited right now, but Ramos did verify signage regarding the transition is posted at the branch.