Skip to content

Lumby looks at options with loss of last bank

Chamber of commerce reaching out to other financial institutions
web1_231109-vms-banks-closing-banks_2

A new bank could be coming to the village.

With residents losing their last financial institution with the closure of Scotiabank in September 2024, the Lumby & District Chamber of Commerce is looking at other options

“We recognized the situation is huge loss for the community, businesses and the overall economic growth in the future,” the chamber said.

“To address this issue, we are taking proactive measures to build a business case by reaching out to various financial institutions and starting conversations with them about opening a branch in Lumby.”

But in order for that to happen, the chamber is looking for residents to fill out a short survey.

“We need your help to make this happen. These institutions have asked us to gather data from the community and businesses. By taking this brief survey, you can aid us in our goal of relocating a financial institution to our community!”

Questions mainly ask a person’s level of banking activity and if they would switch to a new bank if it opened in Lumby.

There is a Google Docs form available through the Lumby & District Chamber of Commerce Facebook page.

READ MORE: 2 North Okanagan banks closing in 2024

READ MORE: Significant investments following Vernon’s last walk-in clinic closure: Dix



Jennifer Smith

About the Author: Jennifer Smith

20-year-Morning Star veteran
Read more