CIBC’s Banking Centre in Norquay will be closing on June 23, which is about 18 months shy of the branch’s centennial.
“Any time we look at closing a banking centre, it’s a decision that we take very carefully,” said Jon Kastikainen, senior manger of the bank in Toronto. “In the case of our Norquay Banking Centre, we have seen low business volumes, which have been declining in recent years.
“We will be transitioning our clients to our Canora Banking Centre for their banking needs, and our team in Norquay will be available in person and by phone to assist clients with their individual needs during this transition,” Kastikainen said. “While many clients in Norquay are already banking online or by phone, our team will be spending time with clients in the coming weeks to help them learn more about these options for their everyday banking.”
A community meeting will be held on March 2 at the Royal Canadian Legion in Norquay, where leaders from CIBC will be on hand to answer questions and discuss alternative banking options for clients, he said.
The Banking Centre building will be put up for sale on the open market to allow all interested parties an opportunity to purchase the building, he said, adding that there are currently five employees working at the Norquay Banking Centre.
“We are working with them on options available within the CIBC network,” he said.
The CIBC Norquay Banking Centre first opened on December 4, 1918.
Currently the Norquay area is being served by the Norquay branch of Affinity Credit Union.