Alexandre Silberman
Alexandre Silberman
Alexandre Silberman is a second year student at St. Thomas University, studying digital journalism and new media, political science and communications. Alexandre is originally from Burlington, Vermont, where he has worked for, a statewide, non-profit news and politics website, and the Burlington Free Press, the region's largest daily newspaper. In April 2017, he was named a finalist for a Mark of Excellence Award from the Society of Professional Journalists, for a story on allegations of a harmful work environment for high school counselors. Outside of the newsroom, you can likely find Alexandre on the ski slopes or enjoying the outdoors.
November 13, 2018

BMO to close campus branch

The Bank of Montreal is closing its UNB campus branch in March. | Photo: Maria Nazareth Araujo

The only bank on the University of New Brunswick’s Fredericton campus is shutting its doors this spring and students are not happy with the decision.

The Bank of Montreal announced in a notice to clients this week that it will be permanently closing the university campus branch on March 22. The location at 29 Dineen Drive is situated next to the UNB bookstore and campus pharmacy.

The change means customers, primarily students and university faculty, will have to go to the nearest branch on Prospect Street in uptown Fredericton.

“We are closing this branch and directing our customers to another one so that we can provide a wider range of financial services to meet our clients’ needs,” BMO spokesperson Valérie Doucet wrote in email to The Brunswickan.

BMO currently operates nearly every ATM throughout the UNB and St. Thomas University campuses.

Doucet said the bank plans to leave its full network of bank machines behind.

“We are currently looking into finding more optimal location(s) on campus and are open to suggestions on those locations,” she said.

Kevish Ramasawmy, a first year UNB student, said he chose to bank with BMO since it was conveniently located on campus.

“I feel that it will really deteriorate the experience for all UNB students and even St. Thomas [students],” he said of the closure.

Ramasawmy said he is considering switching to Scotiabank. As a student from Mauritius, he said he often went into the branch to ask for information regarding international money transfers.

An upper year UNB student who declined to provide his name, said he switched from TD Bank and CIBC to BMO for the convenience of having a bank on campus. He is contemplating going back to his original financial institutions in light of this announcement.

Like what you read? Give this article a share.
From a quick tweet to a Facebook post, show how much you enjoyed this story.
Related Articles