Mayor Tara Veer responds to downtown economic sustainability on behalf of City Council

Our community is facing unprecedented challenges, navigating the perfect storm of a global health crisis and an already unfavourable economic climate. BMO Bank of Montreal, a significant anchor in downtown Red Deer, has announced their intention to close their downtown and south Red Deer branches. The company will consolidate these local branches to a new branch in Bower Place. Following a briefing from Bank of Montreal officials, it is The City’s understanding that this is part of the planned change for the bank, and all other branches remain open in Red Deer.

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