RBC to convert HSBC locations as soon as takeover closes next week

Royal Bank of Canada is planning to turn its soon-to-be-acquired HSBC Bank Canada properties into RBC locations immediately after taking ownership.

RBC spokesperson Christine Stewart said in an email that the bank will begin converting HSBC branches and offices on March 28, the same day its $13.5-billion takeover deal will close, if it clears customary conditions.

Branches and offices being converted into RBC locations will reopen on April 1.

Stewart did not say whether any HSBC branches or offices would be permanently closed.