The CIBC in Keremeos is slated to close in the next six months. (Google Maps image)

CIBC in Keremeos closing

The CIBC in Keremeos will close within the next six months. The number of jobs impacted is not known.

UPDATE 2:10 p.m.:

The Review received this statement from CIBC’s Jon Kastikainen, senior manager, stakeholder communications.

“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 and recently made the difficult decision to close our Keremeos Banking Centre and consolidate it with our Osoyoos Banking Centre on March 22, 2018.

We will automatically transfer clients’ existing accounts to the Osoyoos Banking Centre with no disruption in service. While many clients in Keremeos are already banking online or by phone, our team in Keremeos and Osoyoos will spend time with clients in the coming months to help them learn more about these options for their everyday banking. We currently have six employees in Keremeos and are working with them to find opportunities available within CIBC.

CIBC is holding a community meeting open to the public on December 7, 2017 from 7:00 PM – 9:00 PM at the Victory Hall in Keremeos. Leaders from CIBC will be on hand to answer questions about the closure and discuss the transition to ensure clients have the information they need.”


Keremeos is being added to the growing list of CIBC bank closures across the country.

Signs were posted at the bank institution this week stating the branch would close within the next six months.

When the Review called the bank Wednesday morning, an employee confirmed the bank is closing.

It’s unknown how many jobs will be lost, or if employees will be offered opportunities at other branches.

The Review has calls and emails out and is waiting for official comment from CIBC.

Keremeos Mayor Manfred Bauer told the Review he’s spoken to and received a letter on the closure from higher ups in the CIBC organization.

“Anytime a business is closing in town it’s sad news. It impacts our residences as well as people who work there,” he said. “It seems to me that the CIBC has already made up their minds and has not engaged in the consulting process with the community before they make their decisions.”

He’s been told a community meeting is scheduled for Dec. 7 from 7 p.m. to 9 p.m. The meeting is to provide options for customer’s going forward, not about whether the bank will close.

“When they already have decided they are going to close the bank, it seems to be something they need to do,” Bauer said. “It also seems that obviously they care more about shareholders and investors than they care about their customers.”

The letter Bauer received stated Keremeos customers will be moved to the Osoyoos CIBC.

A google search of CIBC turned up a long list of closures over the last few years including branches in Ontario, Manitoba and Saskatchewan.

The CIBC is not the only bank in Keremeos. The Valley First, a Division of First West Credit Union also services the community.

The Review will update this story as more information becomes available.

Just Posted

Alleged affair leads to assault in Princeton

Remorse and a clean record result in suspended sentence

Pepperoni costs Hedley man $500

A Hedley man enjoyed a snack and then refused to pay for it - landing him in court

OSNS #SmileWithOtis making the rounds in Penticton

The 38th annual Shaw Share a Smile Telethon in support of OSNS is Saturday

Penticton treatment centre owner says she plans to raise the bar in care

Michelle Jansen has been an outspoken advocate for the development of rules

Biosphere designation boosts national park drive

Certification outlines conservation as key part of sustainable tourism development

Run, hide, fight — surviving an active shooter situation

A former Kelowna cop teaches how to survive an active shooter situation

Dead boy’s father posts Facebook response after Appeal Court upholds conviction

David, Collet Stephan were found guilty in their son Ezekiel’s 2012 death from bacterial meningitis

Trudeau mania, Scheer enthusiasm in B.C. this week

Prime minister, Conservative leader drop in on Surrey, White Rock

Forecasters promote avalanche safety awareness to kick off season

Avalanche Canada advising backcountry enthusiasts to get proper training and equipment.

B.C. church defaced with disturbing anti-Christian graffiti

Staff at Crossroads United Church reported the vandalism to police late last week

PayPal ordered to disclose business accounts to Canada Revenue Agency

Online payments company has 45 days to hand over information identifying its account holders

Federal government to boost treatment options for opioid drug users: minister

More than 2,800 people died last year as a result of the overdose crisis

Ambulance design changes urged after B.C. man falls out, dies

A coroner’s jury makes recommendations after hearing about death of Ebony Aaron Wood

Suspects in Penticton shooting caught on video

RCMP released CCTV video of a shooting incident at Fairhaven House

Most Read