Chatsworth bank clos­ing

BMO says it is mov­ing ac­counts to new build­ing on Owen Sound’s east side

The Sun Times (Owen Sound) - - NEWS - DE­NIS LAN­GLOIS SUN TIMES STAFF

BMO Bank of Mon­treal has in­formed Chatsworth of­fi­cials – and con­firmed to The Sun Times – that its branch in the vil­lage south of Owen Sound will close May 10.

“We’re very dis­ap­pointed, as a coun­cil,” Chatsworth Mayor Bob Pringle said of the clo­sure de­ci­sion.

“We are very up­set that they have done that. It’s been a part of our com­mu­nity for a long time. It is our only bank­ing fa­cil­ity in the en­tire town­ship and it will mean that peo­ple will have to go to Owen Sound or Ch­es­ley or Tara or Mark­dale to do their bank­ing.”

He said Chatsworth has many el­derly res­i­dents who will be es­pe­cially im­pacted by not hav­ing a bank with tell­ers near their homes.

BMO re­cently con­firmed that it will be shut­ter­ing its down­town Owen Sound lo­ca­tion April 5 and re­open­ing April 8 in a new build­ing, which is now un­der con­struc­tion in front of Zehrs at 1150 16th St. E.

The bank says the new branch will be larger and more ac­ces­si­ble than the cur­rent Owen Sound lo­ca­tion and have am­ple park­ing to bet­ter ac­com­mo­date cus­tomers. It will also in­clude the first driv­ethru ATM in Owen Sound.

Julie Barker-Merz, se­nior vice-pres­i­dent of BMO’s South West­ern On­tario divi­sion, said the Chatsworth branch is clos­ing as a re­sult of the bank’s de­ci­sion to in­vest in the new branch in Owen Sound, which she said will of­fer “an ex­panded suite of ser­vices and more flex­i­ble hours of op­er­a­tion to ac­com­mo­date cus­tomer wants and needs.”

All cus­tomer bank ac­counts, loans and in­vest­ments that are cur­rently at the Chatsworth branch will be au­to­mat­i­cally trans­ferred to the new Owen Sound branch, she said.

The new branch will also have busi­ness bank­ing re­la­tion­ship man­agers on site, she said, which is a ser­vice not avail­able at the Chatsworth lo­ca­tion.

Pringle said BMO has told Chatsworth coun­cil that it would like to keep one of its ATMs in the vil­lage af­ter the branch closes, but it would pre­fer to have it in a busi­ness that is open 24 hours a day, seven days a week.

“At the present time, we don’t have a 24-hour busi­ness,” he said.

Chatsworth coun­cil wants the ATM to re­main in the town, he added.

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