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RCO





Joined: 02 Mar 2009
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votes: 3
Location: Ontario

PostPosted: Sat Feb 11, 2017 11:06 am    Post subject: Reply with quote

N.B. village’s only bank set to close, leaving residents feeling robbed


CTV Atlantic
Published Monday, July 11, 2016 8:28PM ADT



Residents in Chipman, N.B., worry that the closure of the only bank in their community will result in the decline of the entire village.

Chipman Mayor Carson Atkinson is leading a community committee formed in February shortly after Scotiabank said it was closing up shop in the village later this year.

“We know what the effect is for communities that lose their banking institutions,” says Atkinson. “Some communities, small communities, have lost a banking facility, and the next thing to go is their grocery store, and so that regionalization problem continuously erodes their communities.”



Scotiabank
This bank in Chipman, N.B., is scheduled to close in the fall.

In February, Scotiabank said the decision to close the branch was due to what it called “significant changes” to how people dotheir banking. Scotiabank said it would work with customers to transfer accounts to another branch about a 20-minute drive away.

But members of Chipman Outreach, a non-profit group providing services for local seniors, say that’s too far away.

“(Seniors) will have to pay,” says Peggy Chase of Chipman Outreach. “It will be a cost to them. As well, we are a non-profit organization, so it will cost us too.”

Last week, a community meeting to build a case for Chipman bringing another bank to the area was standing room only.

“It simply says how important it is to them,” says Chipman resident Doug Tyler. “Everyday banking services, cashing cheques, making deposits, and we have a large vibrant community with a big employer.”

An unnamed banking institution has expressed interest in coming to the village, with a meeting expected next month.

“It’s very much a growing community, not a shrinking community,” says Atkinson.

Atkinson plans to talk to more banks next week, and is hoping a new outfit will be up and running before Scotiabank shuts down this branch in October.

With files from CTV Atlantic’s Nick Moore.

http://atlantic.ctvnews.ca/n-b.....-1.2982762
RCO





Joined: 02 Mar 2009
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Location: Ontario

PostPosted: Sat Feb 11, 2017 11:08 am    Post subject: Reply with quote

Scotiabank to close Gatchell branch


By Bobby Walsh, For The Sudbury Star

Wednesday, January 27, 2016 12:49:06 EST AM



The Scotiabank on Lorne Street in Sudbury, Ont. on Tuesday January 26, 2016. The branch will be closing later this year. Gino Donato/Sudbury Star/Postmedia Network


A branch of Scotiabank that has operated for decades on Lorne Street will close May 18.

Employees at the Lorne branch were told in November that the branch would be consolidated with its main Sudbury branch on Durham Street in Sudbury's downtown, about 2.5 kilometres from the Gatchell branch.

Scotiabank spokeswoman Heather Armstrong said Scotiabank is working to "better organize itself to best serve its customers and to be a stronger competitor throughout Canada."

The decision to consolidate the branches was made after careful consideration, said Armstrong, from the bank's headquarters.

Employees at the Lorne branch in have been reaching out to customers in recent weeks to advise them of the change and assist them in making the move, she said.

"While this process will involve closing one branch, our steadfast commitment to our customers in Sudbury remains unchanged," said Armstrong. "Our Sudbury Main Branch is currently undergoing a large renovation to provide the most up-to-date services to our customers."

Scotiabank reported profits of $7.2 billion in the fiscal year 2015, up 4.4 per cent from the previous year on an adjusted basis.

http://www.thesudburystar.com/.....ell-branch
RCO





Joined: 02 Mar 2009
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PostPosted: Sat Feb 11, 2017 11:10 am    Post subject: Reply with quote

( RBC decided to close its bank in cookstown even though its a growing community just off the 400 , a decision that really makes no sense )


RBC's plan to close Cookstown bank sets off alarm bells


By Miriam King, Bradford Times

Tuesday, March 8, 2016 11:04:16 EST AM

RBC plans to close its branch in Cookstown, Ont. which has served the community for over 90 years. Miriam King/Bradford Times/Postmedia Network



COOKSTOWN — The Royal Bank of Canada branch here is cashing out after almost a century of service to the area.

RBC is looking at closing a number of its branches, citing a reduction in walk-in business and growing reliance on Internet and phone banking.

One of the branches slated for closure is the Cookstown RBC, which will leave the community of more than 1,200 residents — located about 15 kilometers south of Barrie — without a financial institution.

The nearest RBC branches are in Alcona, Bradford and Alliston.

During Innisfil town council's Wednesday night meeting, Coun. Rob Nichol brought forward a motion expressing “concern and disappointment” over the planned closure to be forwarded to RBC and the Financial Consumer Agency of Canada.

Mayor Gord Wauchope was also not impressed with the bank's decision.

“To me, it is a real kick in the backside to residents of Cookstown,” he said, calling access to a bank “an essential service.”

The mayor noted that RBC recorded “$5 billion in profit last year,” and called it a “real sad time for the community, for Innisfil and for Cookstown. Hopefully we can talk some sense into the people who are running the Royal Bank of Canada.”

Nichol said the branch has served the area for over 90 years.

"It is not only a key service and an anchor in the community, it is the only financial institution in the south part of Innisfil, the absence of which will have a tremendous impact to the quality of life for residents in the village, especially those who do not drive,” he said.

Nichol called on RBC to reconsider its decision, especially now that the village is growing, and new subdivisions are being built.

Deputy Mayor Lynn Dollin said she had met with representatives of RBC to express her disappointment with the decision to close the branch.

Dollin said she was told the decision was based on “foot traffic” alone, and had nothing to do with the building being included in the Cookstown Heritage Conservation District or the Accessibility for Ontarians with Disabilities Act (AODA) regulations on providing handicapped access.

Dollin urged council and residents to attend a public meeting planned by RBC for Tuesday, April 5 at the Cookstown Public Library from 5:30 p.m. to 7:30 p.m.

Coun. Donna Orsatti also asked staff to formally write to RBC, expressing the town’s concerns.

She compared the planned Cookstown closure to the RBC “pulling out of Sandy Cove Mall, leaving 1,800 seniors without a bank. It does have an impact on the residents.”

While not commenting on the Sandy Cove Mall closure, RBC regional vice-president Susan Teti said it's important for Cookstown customers to attend the meeting next month.

"The client information session on April 5 will provide an opportunity for RBC to speak with, and hear from, clients and members of the community about the decision and to answer their questions," she said in an email to the Barrie Examiner. "As part of the local community for many years, we are proud to have supported a number of community initiatives. We look forward to continuing our role in the community and serving our Cookstown clients."

Teti said the Cookstown branch will be combined with the Alliston branch in July.

"Following that combination, we will be pleased to serve clients from both locations in our Alliston branch. In addition to telephone banking (as well as) online and mobile banking, clients will continue to be served by retirement planners and mortgage specialists that will meet with them where it is most convenient for the client," she said.

There is ongoing evaluation RBC's network of branches, and in some circumstances, that may involve combining branches or closing certain locations," she added. "These are always very difficult decisions that are made after careful consideration of how we can best serve our clients in the market," Teti said.

http://www.thebarrieexaminer.c.....larm-bells
RCO





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PostPosted: Sat Feb 11, 2017 11:11 am    Post subject: Reply with quote

October 18th, 2016 by Nicole Kleinsteuber
RBC merging to one branch


The Royal Bank of Canada in downtown Belleville (Photo: Quinte News)

A long time staple of downtown Belleville is closing its doors.

The Royal Bank of Canada on Front Street will shut for good March 17, 2017.

RBC Regional Vice President Randy Trednick confirmed employees and business will merge with the North Front location, which is two kilometres from the downtown branch.

Trednick explained as consumer banking habits have changed, they have expanded their online and mobile channels and adjusted their branches.

He said they will focus to minimize the inconvenience for clients and employees during the transition.

The final day of operation in the downtown will be Thursday March 16.

http://www.quintenews.com/2016.....ch/129815/
RCO





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PostPosted: Sat Feb 11, 2017 11:13 am    Post subject: Reply with quote

Navan RBC branch closing after serving local community for 95 years
By Fred Sherwin
Orléans Online


Local resident and former teller Verna Cotton holds up a blank cheque from the 1920s standing outside the Royal Bank of Canada branch in Navan. Fred Sherwin/Photo


When the Royal Bank of Canada first opened an office in Navan the roaring 20s were just getting started and the Ottawa Senators were the reigning two-time Stanley Cup champions.

Through the decades four generations of Navan residents have held accounts at the bank, which like the post office and J.T. Bradleys Country Convenience Store, has been an integral part of the community.

Unfortunately, that will all change next spring when the branch will be closed and moved 7.5 km away to a new location on Brian Coburn Boulevard near Tenth Line Road.

Not surprisingly news of the pending closure has been met with disbelief and disappointment by the local residents, many of whom have held an account at the branch all their lives like village historian Verna Cotton.

The 89-year-old Cotton actually worked at the branch for seven and half years in the late 50s and early 60s.

"Back then they would lock you in a cage. It was just me and the manager," recalls Cotton who still remembers a customer coming in and asking for change for a $1,000 bill. "He said do think you can make use of this bill and I went and showed it to the manager and he said take it and we put it in the vault. A while later a guy came in with a big cheque and said you probably don't have cash for this and I said just wait and gave him the $1,000 bill,"

The Royal Bank of Canada first opened an office in Navan on December 1, 1921. In the early days the office was moved to several different location before it eventually shared space with the local post office on the north east corner of Trim and Colonial where the Medici pharmacy currently resides.

The building was destroyed by a fire in 1943 and the office was moved once again. The branch has occupied it's current location on Trim Road beside the post office since 1988.

Cotton says the branch's closing will be particularly hard felt by the village's older residents.

"It's just awful, really. Besides the seniors like myself in Navan, there's a lot of people who use the bank from all around like Bearbrook and Leonard. It's just a shame," says Cotton echoing the sentiments of many Navan residents.

J.T. Bradley's owner John Bradley says the store has held an account at the branch since it first opened. They even have a Royal Bank of Canada Navan Branch cheque book in the store with the date line 192_ on it.

"It's definitely a bit of blow to the town," says John Bradley. "It's going to be a real inconvenience especially for the older folks and local business like ours."

A meeting is planned for Nov.1 at St. Mary's Hall to allow account holders and local residents in general a chance to ask questions and vent a little. Judging by the early reaction the meeting will likely be very well attended.

http://www.orleansonline.ca/pages/N2016092701.htm
RCO





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PostPosted: Sat Feb 11, 2017 11:14 am    Post subject: Reply with quote

HSBC closing Sault branch


By Brian Kelly, Sault Star

Saturday, October 8, 2016 7:57:25 EDT AM

HSBC Bank Canada's branch is part of the Windsor Park hotel site on Queen Street East.

HSBC Canada will close its lone branch in Sault Ste. Marie early in the new year.

About five workers will be affected. They will be offered “a range of options and supports” including an opportunity to work at other HSBC locations, said spokesperson Aurora Bonin in an email to The Sault Star.

“Decisions like this are not made lightly, nor are they easy as they affect our employees, customers and the wider communities we serve,” said Bonin. “We are proud of, and grateful for, our relationships with our employees and customers in the Sault and across Ontario, and are working hard to make any impact to them as comfortable as possible.”

Customers learned of the February closure by letter and signage at the branch at 601 Queen St. E. The Sault is one of five branches being closed between Feb. 3 and 17. The other locations are Timmins, Thunder Bay, St. Catharines and Oshawa. Four branches will be consolidated into two in Markham and Toronto in December.

HSBC Canada is the latest bank to close a location in the city. TD Canada Trust shuttered its Market Mall location in November 2015 after 50 years. A Royal Bank branch at 298 Wellington St. W., active in Steelton for a century, closed its doors in 2011. HSBC began operating its downtown location in the late 1980s at the former home of Lloyds Bank of Canada, and before that, Continental Bank.

“Digital channels have become the first choice for more and more Canadian consumers, including our customers, and this has translated into significantly less traffic and much lower transactions within our branch network,” said Bonin. “As such, and like many businesses in Canada, we are adapting how we do business so we can best serve our customers now and in the future.”

HSBC customers in the Sault can opt to remain with the bank, doing transactions by phone or online. Withdrawals at automated teller machines that are part of The Exchange network are free. In the Sault, there are about 20 such ATMs operated by Northern Credit Union, Community First and Manulife Bank at Mac's Convenience stores.

HSBC has 140 branches in Canada employing 6,100 staff.

The branch is part of the former Windsor Park Hotel site. Private investors, The Windsor Park Investment Company, purchased the building including the HSBC space. The deal closed in August. The hotel will be used as a residence for students attending The Tech's Academy.

“The closure is unfortunate, but this is an opportunity for someone as it's a great space, in the heart of our downtown,” said The Tech spokesperson Nadine Robinson in an email. “The plan is to secure a new tenant.”

http://www.saultstar.com/2016/.....ult-branch
RCO





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PostPosted: Sat Feb 11, 2017 11:15 am    Post subject: Reply with quote

Downtown RBC branch closing


By Miriam King, Bradford Times

Monday, February 8, 2016 2:08:28 EST PM

At right, the RBC Building, in the heart of the downtown in Bradford, on busy Holland St. East. The branch will be closing in June, 'merging' with the new branch on Holland West. Miriam King/Bradford Times/Postmedia Network



The decision has been made to close the RBC Branch in downtown Bradford, at 26 Holland St. East.

It's not a decision that sits well with some long-time clients.

On Monday, among the 11 people lined up to wait for a teller, the planned closure on June 3 of this year was a topic of discussion.

“It means I've got to go 'out of town' to do my banking,” said Glen Chantler – referring to the new RBC branch located at the west end of Town, at 539 Holland St. West.

“I've only been here for 50 years,” Chantler added, noting that he had seen other banks close their branches in the downtown core, and customers switch their banking to RBC simply because it had maintained a downtown presence.

“What about the seniors?” asked one woman customer. While many residents have a vehicle, and are able to access the west end location, seniors may not have access to a car – and transit can be a challenge. “It's just the elderly people.”

But Regional Vice President Stella Partipilo said that although “we'll be merging the two branches,” she was confident that RBC would continue to meet the needs of its clients.

“We always evaluate how best to serve our community,” Partipilo said, noting that banking through ATMs, mobile phones and online is increasingly the preferred option for the majority of clients – and that the rapid residential growth in the west and north end of Bradford is well-served by the newer location.

She was asked about keeping an RBC ATM in the downtown core.

“We will keep the ATM there (at the branch location) as long as we own the building,” Partipilo said – but acknowledged that there are plans to sell. “We're looking to see if there's another option for a full-service ATM,” and an alternative location.

She was quick to emphasize that pulling out of the downtown core doesn't mean pulling out of the community. “We're excited about the growth in Bradford. We are confident we can continue to be an anchor in Bradford.”

Mayor Rob Keffer was so concerned about the impact of the closure on the Downtown, and revitalization plans, that he asked for a meeting with west branch Manager Wayne Brakeboer.

“The Royal Bank branch at 26 Holland St. East has long been a prominent business in our downtown core, and it was sad to hear the plan to merge this Branch with the one at Holland St. West,” said Mayor Keffer after the meeting. “I was concerned with loss of jobs, and the level of service offered to the Downtown community. I reiterated these issues with Mr. Brakeboer. We will work with the Royal Bank so they continue as a strong supporter of the community of Bradford West Gwillimbury.”

Partipilo acknowledged that there are some job "redundancies," but was quick to add that "the majority of the team" will be moving to the merged location. As for the others, RBC is working with them to find new positions. "Our priority is to keep everyone with us... within the RBC family."

http://www.bradfordtimes.ca/20.....ch-closing
RCO





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PostPosted: Sat Feb 11, 2017 11:16 am    Post subject: Reply with quote

Rosemère RBC bank branch merger leaves seniors irate

Seniors say RBC branch moving more than 3 km away next to highway is too far, dangerous to get to

CBC News Posted: Mar 22, 2016 9:12 PM ET| Last Updated: Mar 22, 2016 9:12 PM ET



Some seniors living in Rosemère, Que., are upset that their neighbourhood RBC branch located in the heart of their town will be closing to merge with a branch situated 3.5 kilometres away.

"It's a great convenience for everybody in the town to have a central bank, and there are a lot of seniors who will not be able to access the new branch," said Rosemère resident Kathleen Kidd, who has been going to the branch for years.

The branch that is closing is the Royal Bank's Jardins Rosemere Branch, located at 395 Grande-Côte Road. The bank said there are not enough customers to keep it open.

It will be merging with the Labelle & Hwy 640 branch located at 370 Labelle Blvd.

"That branch suits them. This branch suits the residents of Rosemère," Kidd said of RBC's decision.

RBC new branch
Seniors say the new branch they will have to go to for services is dangerous to get to because it's on a busy boulevard with few sidewalks, and situated right next to busy Highway 640. (Google Maps)

Residents said that since the new branch will be more than three kilometres away, they won't be able to walk to the bank anymore. Also, they say, the new location is dangerous to get to because it's near a busy highway and there are few sidewalks.

Kidd and other seniors said that closing the branch in the town's centre will have a big effect on the community.

"We lost our fire department just recently in the last couple of weeks and now we're losing our Royal Bank. So the whole ambiance of the town -- as being a small town with everything here for us -- is making a huge impact," said Margaret Hatfield, another Rosemère resident.



A group of seniors planned to meet with RBC officials Tuesday night to discuss the move of the bank branch.

http://www.cbc.ca/news/canada/.....-1.3503377
RCO





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PostPosted: Sat Feb 11, 2017 11:18 am    Post subject: Reply with quote

Downtown CIBC to close

By Allan Benner, The Tribune

Wednesday, September 14, 2016 6:30:49 EDT PM



The CIBC branch at 22 King St. is being shut down early next year, after 140 years of serving the people of Welland.

The bank, which currently has three branches in the city, blames declining business volumes for a closure, that becomes effective March 10, 2017, said CIBC’s director of media relations, Caroline Van Hasselt.



“Any time we look at closing a banking centre, it’s a decision that we take very carefully. In the case of our 22 King St. banking centre, we have seen low business volumes, which have been declining in recent years,” she said.



In an e-mail, Van Hasselt said the bank will be moving clients from that branch to the Welland Plaza banking centre on Fitch Street.

CIBC also has a branch at the Seaway Mall.


Van Hasselt said the bank is currently notifying clients about the closure by mail and telephone.

“Our teams at both banking centres will be available in person and by phone to assist clients with their individual needs during this transition,” Van Hasselt said.


Five people currently work at the King Street branch, and the bank hopes to relocated those workers to the Fitch Street branch or at other CIBC branches.


Welland MPP Cindy Forster wrote to CIBC’s president and chief executive officer Victor Dodig on Monday asking for a reprieve for the branch.


“The clients the CIBC supposedly cares about will be forced to go to a branch more than two kilometres from the downtown,” she wrote. “This may seem insignificant to the corporate minds in Toronto, but we are dealing with a population that includes seniors, lower-income single family households and people with disabilities who rely on the convenience of having a branch downtown.”


Forster also complained in her letter that neither the bank’s clients nor city officials were consulted, and that it seems the primary concern for the bank is its profit margin.


The closure of the CIBC branch leaves three financial institutions in downtown Welland, including TD Canada Trust, PenFinancial Credit Union and the Royal Bank of Canada

http://www.wellandtribune.ca/2.....c-to-close
RCO





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PostPosted: Sat Feb 11, 2017 11:19 am    Post subject: Reply with quote

HSBC in Thunder Bay, Ontario to close in 2017, eight staffers affected

Bank cites online banking, fewer customers as reasons for branch closure

CBC News Posted: Oct 11, 2016 1:28 PM ET| Last Updated: Oct 11, 2016 1:32 PM ET

The HSBC will be closing its lone Thunder Bay branch on Alloy Drive in 2017. The bank cites the rise in online banking as one of its prime reasons for making the closure.



In a move that will put six full-time and two part-time staff out of work, the Thunder Bay, Ontario branch of the HSBC will close its doors in 2017, largely due to changes in the way people manage their finances.

Fewer customers visiting the branch is the primary reason for the closure, said HSBC spokesperson Sharon Wilkes.

"We're just seeing decreases in the traffic in our branch network," Wilkes said, "so, we have made some adjustments to our network, and that includes the closure of our Thunder Bay branch."

Despite the closure of the branch on Alloy Drive in Thunder Bay, HSBC will be ensuring that their customers are looked after, Wilkes said.

"If you have existing products with us, we will continue to service those products. By and large, you can service most of your existing banking online or through the phone line," she said, "unfortunately, for things where we actually need you to sit in front of us, we're not going to be able to offer new products to Thunder Bay residents, because we won't have a physical presence anymore."

Customers will still be able to use specific ATMs in the city with no additional fees, Wilkes said, and branch staff will work with impacted customers -- either to set up and teach them to use our digital services or to arrange alternate banking services.

http://www.cbc.ca/news/canada/.....-1.3799779
RCO





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PostPosted: Sat Feb 11, 2017 11:20 am    Post subject: Reply with quote

HSBC to close Timmins branch


Spokesperson says low foot traffic in their banks have forced the company's hand
24 shares
Oct 15, 2016 8:13 AM by: Andrew Autio

HSBC Timmins exterior Oct 14 16
The Timmins branch of HSBC at 190 Third Avenue. Andrew Autio for TimminsToday


There will soon be one less banking option in the city, as HSBC Canada has confirmed the upcoming closure of its branch in downtown Timmins.

HSBC Senior Media Relations Manager Aurora Bonin told TimminsToday the branch will officially close at the end of business hours on February 10, 2017.

"Decisions like this are not made lightly nor are they easy as they affect our employees, customers and the wider communities we serve. We are proud of and grateful for our relationships with our employees and customers in Timmins and across Ontario, and are working hard to make any impact to them as comfortable as possible. That said, we realize that some customers and communities may be unhappy with a change, and we sincerely apologize for any inconvenience these changes may cause" she said.

Bonin said that the banking habits of their customers have changed which has contributed to the decision.


"Digital channels have become the first choice for more and more Canadian consumers, including our customers, and this has translated into significantly less traffic and much lower transaction volumes within our branch network" she said.

Bonin said HSBC is now trying to adapt the way it does business in order to better serve its customers.

"In fact, we are making significant investments in our business and digital channels that will allow customers to access their banking anywhere, and anytime, like Apple Pay, remote deposit capture and our new online banking platform," said Bonin.

HSBC (Hongkong and Shanghai Banking Corporation) is a British owned multi-national banking and financial services company. It is the largest foreign owned bank in the country. The Canadian division, HSBC Canada, which is headquartered in Vancouver, has also recently closed branches in Sault Ste. Marie, Thunder Bay, and several other communities across the country. Neither North Bay or Sudbury have an HSBC branch. The nearest would be in Barrie.

Employees and customers of the bank of have been notified. There will be a public information session at the Timmins branch on Tuesday, October 18.

"Even though there will no longer be a branch in Timmins, we can continue to serve customers through a number of channels, including telephone or online banking. We also understand that telephone and online banking may not meet everyone’s needs, and we are working directly with customers to answer their questions and discuss their options. If they would like, we can advise them on how to transfer their account to another financial institution of their choice," said Bonin.

https://www.timminstoday.com/local-news/hsbc-to-close-timmins-branch-438925
RCO





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PostPosted: Sat Feb 11, 2017 11:22 am    Post subject: Reply with quote

Aug 07, 2015 | Vote 0 0

MacTier TD Bank will close April 2016

MacTier News


Parry Sound North Star
By Brian Lemkay


It was a shocker for the town and area, as the TD Bank head office has decided that in April 2016, this branch will be closed and everything will be in Parry Sound. Now this isn’t a Parry Sound decision, it is head office. Can you believe this?
There has been a TD Bank here since the 1950’s for the town and now its time to pull out.
Almost 70 years of the bank, what happens now? Seniors, wheelchair-users, and others have to find a way to Parry Sound. Could be taxi costs, paying of gas, etc.
Surely to God they will think things over, maybe some of the high head office people can take a pay cut!


http://www.parrysound.com/opin.....pril-2016/
RCO





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PostPosted: Sat Feb 11, 2017 11:23 am    Post subject: Reply with quote

Merchants hope to stop bank move


Nick Gardiner

By Nick Gardiner, Recorder and Times

Friday, April 29, 2016 10:04:56 EDT AM

Customers leave the King Street TD Canada Trust branch on Thursday. A move is afoot to try and convince the financial institution to remain in the city's downtown.


Downtown merchants are hoping to persuade TD Bank to maintain a presence in the city core.

Members of the Brockville and District Chamber of Commerce and Downtown Brockville plan to meet with a TD district manager next week to discuss the bank’s plan to close branches on King Street and the Brockville Shopping Centre.
“Fingers crossed and hopefully we can reason with them,” said Pam Robertson, executive director of the chamber.
Robertson said plans revealed last week by TD Bank to consolidate operations under the roof of a new building in the north-end power centre have shaken merchants and shoppers who fear a further erosion of downtown business.

A letter sent to chamber members asks for details of the expected impact on their business from the planned bank closure to be presented at the May 3 meeting with TD Bank district vice-president Pietro Borracci.

“We’re hoping they take our thoughts and feelings into account. They do need to hear from the people who essentially pay their salaries,” said Robertson.

A similar move by the Royal Bank in 2015 saw the closure of a King Street outlet and another in the 1000 Islands Mall that were replaced with a standalone operation on the grounds of the mall.

Robertson said that move also generated some concern among merchants and professional offices but the recent TD announcement has raised fears about a trend toward additional downtown bank closures.

She said merchants and professionals who switched to TD for their financial services after the Royal Bank left King Street are now faced with repeating the process for the second time in a year.

“It’s not so easy to switch over bank accounts. It’s a process for both the businesses and the bank clients,” she said.

The move away from downtown also affects a large residential community that includes people living in high-density apartments and condominiums and seniors living in facilities such as the Wedgewood Resort, said Robertson.

For those people, more rejuvenation of the downtown commercial area is needed, not a reduction in services, she added.

Besides the TD Canada Trust location on King Street, three other banks operate in the downtown core: the CIBC, Bank of Montreal (BMO) and Scotiabank.

Robertson said she understands the challenges of maintaining large storefronts downtown and recognizes the benefits of establishing new, energy-efficient buildings for their businesses.

Still, she hopes there may be an avenue to maintain some level of downtown presence, even if its within a smaller storefront.

Meg Plooy, executive director of Downtown Brockville, said a similar effort is taking place within her organization to generate letters in support of a TD Bank downtown.

Plooy said the May 3 meeting is an opportunity to “open a dialogue and see what the opportunities are.”

But a bank machine only, such as the one that still exists on the Royal Bank property, does not meet the needs of the merchants or residential clients who require a wide array of services, she said.

Getting members’ input will help bring “a voice to the table to get across how important it is to maintain a presence downtown.”

Plooy said it’s clear the departure of TD Bank will hurt downtown professionals who rely on local sites for convenient banking services and a board meeting Wednesday discussed “potential avenues” to encourage TD to reverse its decision.

“I’ve had a lot of opportunity to speak with businesses affected by this move and we will be taking their views into consideration,” she said.

Letters of concern are being accepted by both organizations until May 2.

Other representatives scheduled to attend the May 3 meeting with TD Bank include Wendy Onstein, executive director of the Small Business Enterprise Centre of Leeds and Grenville, and chamber president Laura Good.

Sandra De Carvalho, manager of corporate and public affairs for the TD Group, suggested in an email Thursday the move will go ahead as scheduled.

“The decision to merge branches and relocate was not one we arrived at lightly,” she said, adding customers will be given four months’ notice before the move.

More specific concerns will be addressed to make the transition as easy as possible, including leaving an ATM on site at the current King Street location, said De Carvalho.

http://www.recorder.ca/2016/04.....-bank-move
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PostPosted: Sat Feb 11, 2017 11:25 am    Post subject: Reply with quote

Lanark residents fight to keep their lone bank


A town hall meeting was held last night at Timber Run Golf Course in Lanark as residents try to save their only bank.



CTV Ottawa
Published Thursday, July 14, 2016 11:24AM EDT
Last Updated Thursday, July 14, 2016 1:12PM EDT


Things got heated at a town hall meeting in Lanark last night, as residents there try to hold on to their bank.

About a hundred residents gathered at the Lanark Timber Run Golf Course upset about the impending departure of their lone bank.

One resident stepped up to complain that “this town has almost been shut down before by businesses leaving. We are growing and now you want to remove our financial institution?”


Lanark Town Hall meeting
About a hundred residents gathered at the Lanark Timber Run Golf Course upset about the impending departure of their lone bank.

The Scotiabank on Lanark’s main street is slated to close and move to a location in Perth in January 2017.

Bank employees came in to address some of residents’ concerns this evening. They say the closure of their bank will mean a long and inconvenient drive in to Perth.

http://ottawa.ctvnews.ca/lanar.....-1.2986734
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PostPosted: Sat Feb 11, 2017 11:27 am    Post subject: Reply with quote

Levack to lose its TD Bank


Jim Moodie, The Sudbury Star

By Jim Moodie, The Sudbury Star

Saturday, February 11, 2017 12:31:30 EST AM


A fixture of downtown Levack is poised to withdraw from the community.

The Toronto Dominion branch, which will turn 80 this summer, is slated to close on Aug. 15, with clients' accounts transferred to the TD in Lively.

Word went out to staff last week and the branch is in the process of notifying customers.

"I can confirm that our Levack branch is merging into our branch located at 617 Main St. in Lively," says Daria Hill, with TD's corporate and public affairs. "Unfortunately, we've seen a decline in how the local community uses the Levack branch. Our branch in Lively offers a larger facility to help more customers at one time, longer hours and more parking."

Hill adds there will be "no job losses for any of the employees from the Levack branch."

But travelling to another community to bank -- or work, for that matter -- won't be very appealing to many residents of the area, says James McCormick, an Onaping dweller and patron of the TD in Levack for many years.

"I'm 60, and since I was a kid it's always been there," he says. "Some of the people in Levack have been going to that bank for 50, 60 years."

Hill promises the bank "will work with our customers and any businesses who may have concerns to ensure that they know the various ways they can continue to bank with us - whether it's through other TD branches, phone, Internet banking or ATM."

McCormick says some people might be comfortable with online banking, but many prefer to bank in person, and driving to Lively or the TD on Elm Street is far from ideal.

"It's a terrible inconvenience, especially in winter," he says. "The roads are treacherous, especially from Onaping to Dowling, where you have the falls and the mountains shade everything."

McCormick says he feels especially bad for seniors, as well for staff of the existing TD who will face a daily commute of half an hour or longer, depending on conditions.

People who live farther north have also made use of the Levack bank, he adds. "It's long enough now coming down from Cartier, compared to going all the way to Lively," he says.

There is a credit union in the community, he concedes, and a couple of other banking options in Dowling, but people tend to be creatures of habit and want to stick with the bank they know.

"There's a loyalty factor there," he says. "You're dealing with them because you don't want to deal with other banks."

To McCormick, it will be a big loss if the bank closes as planned.

"Members of the community obviously want to hold onto the bank," he says. "It's a small community, and we know all the tellers by name. And once you lose an institution like that, you're not going to get it back. It's just a bad situation all around."

McCormick says he contacted Gerry Montpellier, the councillor for the area, and hopes the issue can also be brought to the attention of Mayor Brian Bigger.

"I don't know what the solution is for this," he says. "It's nothing to do with the municipality, really, but if the mayor touched base with upper management of the bank, maybe it would help."

The Levack resident also hopes media attention might "embarrass the TD into being good corporate citizens."

He gathers the banking company feels the small branch in Levack is unprofitable, "but I can't see it," he says. "As far as I'm concerned, the TD has no moral conscience."

http://www.thesudburystar.com/.....ts-td-bank
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why are so many rural and small town banks being closed ?

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