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Scotiabank to close Black Rock branch

Scotiabank is closing its Black Rock branch later this year but workers will keep their jobs.

The bank’s Caribbean East managing director David Noel spoke with staff today about the closure that will take effect on June 12 as part of the global restructuring exercise which was announced last November.

“We are conscious that the consolidation or closure of branches can have a significant impact on our customers, colleagues and communities. This decision was not taken lightly,” he said.

“As difficult as it has been to have to make this decision, we have been able to reassign all of the Black Rock branch employees to other positions within our business network, so customers will continue to see their familiar faces,” he added, noting that the ATM machine would also remain in Black Rock to accommodate the needs of customers who lived and worked in the area.

He said letters were being sent out to customers to advise them of the change and how it would impact them.

The announced closure follows Scotiabank’s global review of its operating model and international distribution network.

That review uncovered opportunities to streamline operations and also identified branches that were located in areas of slow growth.

Noel said  the restructuring took into account changing banking habits and Scotiabank had already invested in strengthening its electronic and self-service banking channels, including online and mobile banking and ATMs.

“We are focused on how we can continue to better serve our customers and provide advice and solutions tailored to meet their financial needs,” the bank official said.

Source: (PR)

4 Responses to Scotiabank to close Black Rock branch

  1. Khandy Apple
    Khandy Apple February 27, 2015 at 2:25 am


  2. Laurianne Morris
    Laurianne Morris February 27, 2015 at 4:02 am


  3. Kim Ramsay
    Kim Ramsay February 27, 2015 at 5:27 am

    With that branch suffering bank robberies on a regular basis, this is hardly surprising. They will never admit that is the real reason. The staff probably are not comfortable working there anymore. I am surprised they took so long to close it!

  4. Maxine Hutchinson February 27, 2015 at 4:26 pm

    While you are at it, look for any officers who usually refinance the 2005 mortgage of a customer unknown to her; who initialled “Loan Amend” forms to justify the “refinance” (2008) which stated that the 48 year old customer was given a repayment period of 33 years (2008-2038) mortgages. They never made mention that the mortgage had begun in 2005.

    Also, those who make customers pay a second loan with one payment and then take the same small loan, add it to the mortgage of 2005 UNKNOWN TO THE CUSTOMER and then ADJUST the payment to the mortgage (2005) which has resulted in the customer being made to repay the initial mortgage of $110,000.00 (2005) in the sum of $285, 853.00 by 2038 being approximately 165% in Interest, while still paying the second loan separately. HIGH CLASS BANK ROBBERY.

    The superiors in the institution usually play monopoly with the offending officer(s) by shifting them from location to location. All of these discoveries were made in December, 2014. Those responsible for this HIGH CLASS BANK ROBBERY had never breathed a word of “refinance” to the customer and over a nine (9) year period of repayments, only $5,717.00 had been posted to the principal at December, 2014. AGAIN, HIGH CLASS BANK ROBBERY. Some persons need to go to Dodds.


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