Sault Ste. Marie Downtown will soon have another big empty building on Queen Street.
The Royal Bank of Canada is closing it’s main branch in the downtown area as well as it’s Korah road branch and amalgamating to new building on Great Northern Road.
The new branch is currently under construction and believed to be ready for this Summer.
The move will not result in any job losses, but may include attrition, offering some of the 25 staff members opportunity for career advancement, the bank has announced.
The RBC on Queen street has been part of the Sault Ste. Marie downtown area for many decades as part of a “financial district” in the downtown.
The move troubles the chamber of commerce President Rory Ring. Ring said that he understands the bank’s decision however called the move, “disappointing to see another entity leave the downtown core”.