Finance and Lending

Scotia merging Holetown branch with Warrens branch

BSJ News Desk
May 12, 2019

Scotiabank says that after completing a review of its physical branch services in Barbados it has decided to consolidate its Holetown branch into the Warrens Branch at CGI Tower.

The decision follows RBC Royal Bank of Canada's closure of the University Drive branch at Cave Hill last year and Republic Bank's closing of its Independence Square, branch in Bridgetown just recently.

The Holetown branch will close on July 19, 2019. At that time, customer accounts at the  will be automatically transferred to the Warrens Branch, which, says Scotiabank in its press release, “offers an enhanced customer experience, including a Premium Banking Centre with reserved parking, additional parking spaces, a more modern, spacious branch and more self-service, next generation ATMs.”

However, the bank will maintain an ATM at Rubis Sunset Crest in Holetown.

Scotia says there will be no jobs lost as a result of this consolidation, as all employees will be reassigned to other positions within the business.

In its statement, Scotiabank said it remained committed to Barbados, and intended to continue to be “an employer of choice, valued corporate citizen and business partner.”  The statement was attributed to David Parks, managing director, Caribbean East Scotiabank.

Banking & Insurance