Temagami mayor says his community dumped as Scotiabank pulls out abruptly
CTV
Temagami has been left without a financial institution after Scotiabank pulled out of the northern Ontario community earlier this week.
The Municipality of Temagami has been left wondering what’s next after losing its only financial institution earlier this week.
Scotiabank closed its branch in the small northern Ontario community after decades to consolidate its services with the branch at 1500 Fisher Street in North Bay, more than an hour away.
The closest financial institution for those who live in Temagami now is in New Liskeard, more than 55 kilometres north.
"Our big concern about this whole thing was I got a call a couple months ago and they said they were closing the bank," said Temagami Mayor Dan O’Mara.
"It was pretty shocking at the time. They didn’t give us any opportunity to respond, the decision was made and they came and told us."
He said the town's biggest concern is what the residents, especially the seniors, are going to do.
