boston.com: TD Banknorth to cut jobs, close banks March 23, 2007 PORTLAND, Maine --TD Banknorth Inc. said Friday it will cut 400 jobs and close or consolidate 24 branches as part of a plan to reduce operating expenses by at least 5 percent. The Portland, Maine, company said the job cuts would occur over the next several months. The 400 jobs represent about 5 percent of the company's staff of 8,700 at the end of December. The branches slated for closing are in New Jersey, Connecticut, New York... read more
