Twenty Saskatchewan towns have either seen their financial institution shut its doors or will see that happen before the year is over.
That is very troubling to the president of the Saskatchewan Association of Rural Municipalities. Ray Orb says business owners and residents of rural Saskatchewan, especially seniors, rely on convenient access to banking and having to travel a distance to do that is a hardship, especially in the winter. Orb says he wants to sit down with the banks in an attempt for them to reconsider.SARM is in the process of extending an invitation to the banks to talk to them about these closures. Orb understands the changing landscape and an increase in online banking, but he is especially concerned for those without access to a financial institution where traveling may be a hardship.