Royal Bank To Pull Out of Downtown Area

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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.

RBC main branch in Sault Ste. Marie

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”.

1 COMMENT

  1. I’ve always liked the BMO downtown the best as they have the most helpful staff. Sad to see the banks downtown shut their atms at night now. I hope the downtown picks back up like the good ol’ days.

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