Chris Clegg
South Peace News
Falher town council says it is “deeply disappointed” and is actively taking steps to persuade Bank of Montreal (BMO) officials to keep its local branch open.
BMO informed Town of Falher Mayor Donna Buchinksi Jan. 13 about the closure effective July 25.
BMO has taken an ad in this week’s South Peace News, published on page 32. It does not give a reason for the closure but informs clients what will happen to the existing accounts.
Meanwhile, council strongly opposes the decision.
“(Council is in) firm opposition to the planned closure of the BMO Falher branch,” cites a statement released by council Jan. 15.
“This decision is both shocking and disheartening, as it reflects a lack of understanding of the critical role this branch plays in sustaining our community and supporting its residents.”
After Buchinski received the email, it was added to council’s agenda for discussion at the Jan. 15 meeting. Afterwards, council issued a statement on its website the same night.
“This decision will have a significant impact on our community, particularly on vulnerable populations, local businesses, and agricultural operations that rely on accessible financial services,” writes council, adding they are actively advocating BMO to reconsider.
“A detailed letter outlining our concerns and opposition has been sent to BMO leadership,” council adds.
Concerns include the 45-minute drive to Valleyview – a trip not feasible for seniors or people with limited mobility, or those without reliable transportation, BMO’s failure to recognize significant economic activity flowing through the Falher branch, and loss of financial services to many businesses including complex financial needs, loans, payroll and investment management.
Council also warns BMO clients may consider “their loyalty” to BMO and “drive customers to institutions that prioritize their needs and maintain a local presence.”
BMO is the last chartered bank in the Smoky River region.
“The Town of Falher council strongly urges BMO to reconsider this ill-advised decision and explore alternatives that would allow your institution to continue serving our community.”
BMO officials are invited to meet with council Feb. 12.
“This meeting will be open to the public and we urge residents to attend to show their support for keeping banking services in Falher,” writes council.
“Together, we can advocate for the sustainability and vitality of our community.”
The entire letter is available on the Town of Falher’s website.
BMO is holding a public meeting Feb. 11 from 9:30 a.m. to 5 p.m. at its branch location, 15 Main Street, Falher.
BMO says all accounts will be moved to its Valleyview branch after closure July 25.
“We value your business and we’re here to make this transition as smooth as possible” cites the ad on page 32.
BMO also encourages clients to join them at the public meeting or book an appointment by calling the branch at (78) 837-5116.