The only bank in Keremeos, CIBC, will be shutting its doors on Mar. 18th, 2018.

Residents of the village who are clients of CIBC will have their accounts transferred to the branch in Osoyoos. After the closure, Valley First Credit Union will be the only storefront offering financial services in Keremeos.

“As more and more Canadians in both rural and urban areas are choosing to do their banking outside of traditional banking centres, we’ve needed to make some adjustments to our network,” Susan Kirwin said, CIBC public relations consultant.

According to the company, those employed at the bank in Keremeos will be able to find employment at another location if they will be looking to do so.

Mayor Manfred Bauer said

“I don’t appreciate it, obviously, because it’s another business closing on Main Street,” Bauer said. “But it’s also certainly inconveniencing a lot of CIBC members. No notice was given to him or the Village.”

Source: Castanet