Chequing out: Scotiabank closing 2 Cape Breton branches
Scotiabank branches in Glace Bay and New Waterford, N.S., will close in November 2024.
The closures are part of a decision by the bank to consolidate a series of branches across various markets, including New Brunswick and Nova Scotia.
“It’s going to be damaging for Glace Bay,” said Camille McMullin, a business owner in the area.
Many people in both communities are disappointed about the closures, especially seniors.
“They’re used to coming to their bank and dealing with the people that have been here for so long and they’ve made these relationships,” said Ken Tracey, Cape Breton Regional Municipality councillor.
There is a long list of closures on the mainland Nova Scotia, including in Halifax.
According to signage, Annapolis Royal, Bridgetown, and Shelburne branches are also scheduled to close in 2024, while the branch in Pugwash, N.S., will shut down next June.
Scotiabank will also be shuttering its location in McAdam, New Brunswick, and several branches in Newfoundland.
“With customer preferences changing, and more day-to-day banking being done digitally, we are continuing to evolve how we serve our customers and invest in areas that make it easier for our customers to bank with us from wherever they are," Daniela Da Silva, senior manager with Canadian Banking Communications.
Camille McMullin and Jovita Hynes, co-owners of Vintage Jewellers in Glace Bay, are now looking to do their banking elsewhere and they are worried what this closure might mean for business in the downtown area.
“There's not many businesses left on Commercial Street and with the bank closing, that’s one other business that’s not going to be here, so it’s going to affect us a lot,” said Hynes.
The bank wouldn’t say if any jobs would be lost as a result of the closures.
For more Nova Scotia news visit our dedicated provincial page.
CTVNews.ca Top Stories
Serial sexual offender linked to unsolved 1970s homicides of four Calgary girls, women
An investigation into unsolved historical homicides from the 1970s has linked the deaths of two girls and two young women in and around Calgary to a now-deceased serial offender.
Woman with liver failure rejected for a transplant after medical review highlights alcohol use
For nearly three months, Amanda Huska has been in an Ontario hospital, part of it on life support, because of severe liver failure. Her history of alcohol use is getting in the way of her only potential treatment: a liver transplant.
$500K-worth of elvers seized at Toronto airport
Fishery and border service officers seized more than 100 kilograms of unauthorized elvers at the Toronto Pearson International Airport on Wednesday.
Toronto eliminated from PWHL playoffs
Toronto has been eliminated from the PWHL playoffs.
Information commissioner faces $700K funding shortfall, says system is 'overwhelmed'
Canada's information commissioner says her office is facing a $700,000 funding shortfall that could impact its ability to investigate complaints about government transparency and accountability.
B.C. man 'attacked suddenly' by adult grizzly near Alberta boundary: RCMP
A B.C. man is recovering from multiple injuries after he was "attacked suddenly" by an adult grizzly bear near Elkford Thursday afternoon.
Backlash over NFL player Harrison Butker's commencement speech has reached a new level
The NFL is distancing itself from controversial comments by Kansas City Chiefs kicker Harrison Butker during a recent commencement address.
Dabney Coleman, actor who specialized in curmudgeons, dies at 92
Dabney Coleman, the mustachioed character actor who specialized in smarmy villains like the chauvinist boss in '9 to 5' and the nasty TV director in 'Tootsie,' has died. He was 92.
Craig Berube named as next head coach of Toronto Maple Leafs
The Toronto Maple Leafs have named Craig Berube as their new head coach.