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Thunder Bay's south core to lose another bank

Customers will be transferred to new branch on Arthur Street
Bank of Nova Scotia Victoria Ave two
The Bank of Nova Scotia at Victoria Avenue and May Street will close on June 14, 2019

THUNDER BAY — For the second time in less than a year, a bank with longstanding operations in Thunder Bay's south core has announced plans to close its downtown branch.

The Bank of Nova Scotia will vacate its location at Victoria Avenue and May Street this June.

It's provided banking services there for more than a century.

Customer accounts will be transferred to a new branch under construction at Arthur Street and Parkdale Boulevard.

Bank spokesperson Krista Stewart says the new branch will offer clients "an updated and modernized banking environment with the latest technology and longer hours."

City councillor and Victoria Avenue Business Improvement Area director Aldo Ruberto says he is disappointed with the bank's move out of the downtown core, but he feels the vacated space can lead to opportunities for other businesses to set up.

Last fall, CIBC shut down its 111-year-old branch in the south core.