CHERRY TOWNSHIP, N.J.–TD Bank has announced plans to close nearly 40 of its branches this summer.

The bank told USA TODAY that after a recent analysis, it “made the difficult decision to close 38 locations on June 5.”

A spokesperson for the bank told USA TODAY that as part of its normal business practices, it regularly evaluates existing TD Bank stores, which “may result in some closures, consolidations, or relocations.” 

The evaluations allow the bank to better align its network of stores with “customer needs and preferences,” he added in comments to the publication.

“We are committed to making this transition as smooth as possible for our impacted customers and colleagues and look forward to serving them at one of our over 1000+ TD Bank locations or through our digital banking products and services,” the spokesperson said.

Although the bank will be closing some locations, the spokesperson said it has recently opened three new stores – two in New York and one in Boston.