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Updated: Scotia moves shop: New digital branch for Camana Bay, no word on job losses

Scotiabank is closing two of its branches including its flagship Scotia Centre location and relocating to a new digital branch facility at Camana Bay. The financial institution remains tight-lipped on potential job losses.
In a statement late last evening (7 March) the bank said it expects the full transition to be completed by 20 April until that date it said all its banking operations remain business as usual.

“Due to the proximity and capacity to accommodate a high volume of customer transactions, Scotia Centre Branch, George Town, and Strand Branch, Seven Mile Beach, will relocate to the new digital branch facility at 18 Forum Lane, Camana Bay,” the statement said.

Marketing manager Jennifer O’Leary said this morning (9 March) the bank’s  South Sound/Red Bay location will continue operation.

We questioned the bank about the impact of the move on employees jobs. Ms. O’Leary, in response to our queries said, “We are committed to treating employees fairly, equitably and with respect.
In order to minimize the impact on our people, we will be offering training opportunities to prepare for future positions; and giving priority to impacted employees who are qualified for available positions within the bank,” she said.
We asked how many employees would be “impacted,” but she declined to comment on that specifically.

The Bank said the new location will be the first fully digital branch in the Cayman Islands and one of only four fully digital Scotiabank branches in the Caribbean Region.

Editor’s note: This story has been updated to correct an error on the branches affected by the bank’s changes. It was incorrectly stated that four branches would be closed, in fact two of the bank’s locations will be closed and relocated to the new Camana Bay location. The error is regretted and we apologize for the inconvenience.

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 16 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

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