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N.B. MP to meet with federal finance minister in a bid to save Grand Manan Island's only bank

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A New Brunswick MP says he plans to meet with Canada’s finance minister in a bid to save Grand Manan’s only bank.

Scotiabank, which has operated on the island for over a century, notified customers in January of its plans to leave Grand Manan. The closure of the bank branch, along with its automatic banking machine, is scheduled for Aug. 24.

Grand Manan’s only regular connection to the mainland is a one-and-a-half hour ferry trip each way. The St. George branch is about 20 kilometres from the ferry’s landing in Blacks Harbour, N.B. New Brunswick Southwest MP John Williamson says Canadian banks should have more of an obligation to serve communities that could experience unique hardships in their absence.

 

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Why? If you give them money they will want more money.

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