Scotiabank withdrawing services from Burin

Council questioning Scotiabank decision to close

Published on February 13, 2017

The Scotiabank branch in Burin is set to close June 8.

©Colin Farrell/TC Media

The town council in Burin is shocked by Scotiabank's decision to close down its branch in the community.

In a prepared statement, Burin Mayor Kevin Lundrigan said a phone call from Scotiabank — advising them that they would be closing their Burin branch —  “left him and council in a state of shock and disbelief.”

The statement added the branch was located in an area considered by many as the crossroads to this side of the Burin Peninsula. In the center of the business district of car dealerships, colleges, two schools, many restaurants and garages, it was very convenient to do banking at that location.

Before moving to its current location, the bank was originally located in a two and a half story wooden structure in the heart of Burin. The branch has been serving the town since 1910.

A press release explained that the recent decision to close the branch has, “Residents and businesses are angry with Scotiabank as they feel abandoned. The decades of loyalty and commitment by the people to Scotiabank now put in jeopardy.” 

The Town has requested a meeting with Scotiabank.

Concerns over the closure of the branch are being heard will outside the town limits of Burin.

St. Lawrence Mayor Paul Pike said residents in that community have been making their concerns know to council since news of the closure was announced.

“A lot of people have expressed their displeasure with that,” said Pike. “When the bank left St. Lawrence a number of years ago, a lot of people transferred to that bank, it was the closest bank for the people living in the area.” 

Pike said rather than making to trip to the Scotiabank branch in the Marystown Mall, residents would instead do the banking at the Burin location.

Pike added that some employees who were with the Scotiabank in St. Lawrence had their employment transferred to the Burin branch.

Pike said that even though it may only be a few extra kilometers, for some it could make a big difference.

“Older people in our community, they are used to doing business at the bank and to have to up root again and to have to drive further it certainly is an inconvenience,” he said. 

Calls to Rick Roth of General Media Communications (for Scotiabank) were not returned by deadline.