TD Bank sets layoffs, not clear if county branches involved

INDIAN RIVER COUNTY — Despite telling former Riverside Bank workers this week that about 200 jobs would be eliminated, a spokeswoman for the new owners of the failed bank said Wednesday the purchase by TD Bank remains “a growth story.”TD Bank, which purchased Riverside Bank in April, said it had identified operations and corporate jobs that were duplicated by the two entities and would be consolidating those functions. However, Public Relations Manager Rebecca Acevedo said in an e-mail that going forward the local operations would be adding tellers, administrative support and commercial lenders. “TD Bank is committed to the central Florida area and plan to grow our franchise here,” she said in an e-mail. “Although TD Bank’s acquisition of Riverside, is a growth story, there are some overlap in functions and positions in the operations and corporate areas. We do intend to grow the retail and commercial side of the bank and add many more jobs to the area.”The new owners are expected to close a 40-person call center based in Fort Pierce.It was not known if any of the layoffs would be at the three TD Bank branches located in Indian River County. TD Bank, has co-headquarters in Cherry Hill, N.J. and Portland, Maine, purchased 60 Riverside Branches along the Treasure and Space coasts with approximately 1,100 employees.

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