Saturday, September 23, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Cookie Privacy Policy
  • DMCA
Daily Market Business News
  • LatestToday
  • Small Business
  • MarketsDaily
  • Politics
  • Companies
  • World
  • Jobs
  • FinanceNow
  • industry
  • Economy
  • ForexDaily
  • LatestToday
  • Small Business
  • MarketsDaily
  • Politics
  • Companies
  • World
  • Jobs
  • FinanceNow
  • industry
  • Economy
  • ForexDaily
No Result
View All Result
Daily Market Business News
Home Small Business

Alberta town worries loss of local bank could deter business and new

October 30, 2021
Reading Time: 3 mins read
Alberta town worries loss of local bank could deter business and new


The town of Bruderheim, Alta., located about an hour northeast of Edmonton, has actively been pursuing new businesses through tax incentives and cheap land sales. But now, there are fears that losing its local bank could dampen investment.

In late September, Bruderheim’s residents learned ATB plans to close the town’s only bank in March.

“It’s just another kick in the guts for the town of Bruderheim,” said Dave Calder.

Calder said he’s been getting cash, paying his bills and maintaining a safety deposit box at the Bruderheim branch for decades. He is disappointed with ATB’s decision to close.

“I don’t think the bank is busy enough, or making them enough money,” he said.

ATB did not make anyone available for an interview, however, in a statement, the company said “the way our Bruderheim clients choose to complete their day-to-day banking transactions has been changing over time – more people are choosing convenient digital banking options.”

Story continues below advertisement

READ MORE: ATB Financial closes 10 branches in Alberta, leading to job loss 

Calder said he has no interest in banking online.

“If you don’t care about me, I don’t want to bank with ATB anymore,” he said.

James Koladich said he has been banking with ATB his whole life, since his parents opened him an account as a child.

“When I turned 18, I got a credit card, then I got a mortgage through them, a small business through them. Everything’s been ATB the whole time.”

Now, he’s working next door to the Bruderheim branch and said he’ll miss the convenience.

“They say they’re going to set up an ATM — you can’t do much with an ATM is the problem. It’s nice talking to people.”


As of March 8, 2020, ATB will close down its Bruderheim bank.


Sarah Ryan/ Global News

Koladich is also worried about the bigger picture.

Story continues below advertisement

“It’s really sad, especially for these small towns. On main street there’s not tons of buildings. You can see a lot of vacant ones. It’ll be sad to see another one.”

Bruderheim’s mayor, Karl Hauch, shares those concerns.

“A pillar of a community is a banking institution, in my mind,” he said.

“There are people who will not move to your community if they don’t have a bank to go to.”

Bruderheim has been bucking the trend when it comes to small towns, with its population increasing six per cent over the last decade.

There’s a new hotel made from shipping containers, a new firehall that also houses town council and a large hemp company in town.

READ MORE: Hemp processing plant brings jobs to Bruderheim 

Hauch said a residential developer is also interested in building more homes in Bruderheim.

“It feels like we’re getting some traction and moving…



Read More: Alberta town worries loss of local bank could deter business and new

Tags: AlbertaATBATB FinancialbankbanksBruderheimBruderheim ATBBruderheim BankBruderheim losing bankbusinessconsumerdeterEconomyKarl HauchLocalLossSmall town bankstownWorries
ShareTweetPin
Previous Post

Chicago gets 5 casino proposals

Next Post

IMF: IMF advises RBI against excessive forex interventions

Related Posts

Delaware cleaning firm keeping educational opportunity open

by MARKET OF BUSINESS
February 13, 2022
0

WILMINGTON, Del. (AP) — Faced with the prospect of the COVID-19 pandemic forcing them and others to lose out on...

5 firefighters hurt battling blaze in Roseland: officials

5 firefighters hurt battling blaze in Roseland: officials

by MARKET OF BUSINESS
February 12, 2022
0

Five Chicago firefighters were hurt while responding to a large blaze Saturday afternoon in Roseland on the Far South Side....

Little Cherry Disease research presented Wednesday | Business |

Little Cherry Disease research presented Wednesday | Business |

by MARKET OF BUSINESS
February 12, 2022
0

Little Cherry Disease research presented Wednesday | Business | wenatcheeworld.com wenatcheeworld.com Read More: Little Cherry Disease research presented Wednesday |...

Chesterfield mall leases space ahead of temporary redevelopment

Chesterfield mall leases space ahead of temporary redevelopment

by MARKET OF BUSINESS
February 11, 2022
0

The leases would be in effect while the company works to finalize plans for its $1 billion overhaul of the...

Watch Elon Musk give an update on SpaceX’s massive Starship rocket

by MARKET OF BUSINESS
February 11, 2022
0

Note: SpaceX is producing the webcast for this event.SpaceX CEO Elon Musk is giving an update on Thursday evening about...

How To Refinance An Investment Property – Forbes Advisor

How To Refinance An Investment Property – Forbes Advisor

by MARKET OF BUSINESS
February 10, 2022
0

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or...

Next Post
IMF: IMF advises RBI against excessive forex interventions

IMF: IMF advises RBI against excessive forex interventions

0 0 votes
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Today

JPS students get crash course in entertainment industry

JPS students get crash course in entertainment industry

February 14, 2022
Boris Johnson latest news: PM ‘can win next election’ as Starmer receives

Boris Johnson latest news: PM ‘can win next election’ as Starmer receives

February 13, 2022
Biden tells Zelenskyy U.S. will respond ‘swiftly and decisively’ if Russia

Biden tells Zelenskyy U.S. will respond ‘swiftly and decisively’ if Russia

February 13, 2022
U.S. efforts on pandemic, economy: Things are a bit better, but not yet

U.S. efforts on pandemic, economy: Things are a bit better, but not yet

February 13, 2022

Most Common Money Lies in Relationships

February 13, 2022

Leveraged DeFi Coming to Fantom – Will This Turn FTM Bullish?

February 13, 2022
ADVERTISEMENT

Latest News

Lawyer Kicked Off BA Flight Because Nanny ‘Not Seated in Business Class’

Lawyer Kicked Off BA Flight Because Nanny ‘Not Seated in Business Class’

February 13, 2022
Making ‘Dinobabies’ Extinct: IBM’s Push for a Younger Work Force

Making ‘Dinobabies’ Extinct: IBM’s Push for a Younger Work Force

February 12, 2022
Walmart ends mask mandate for vaccinated employees

Walmart ends mask mandate for vaccinated employees

February 12, 2022
A ‘firestorm’ of hawkish Fed speculation erupts following strong U.S.

A ‘firestorm’ of hawkish Fed speculation erupts following strong U.S.

February 11, 2022

Economy

U.S. efforts on pandemic, economy: Things are a bit better, but not yet

U.S. efforts on pandemic, economy: Things are a bit better, but not yet

February 13, 2022
US Exporting Every Molecule of LNG Possible – gcaptain.com

US Exporting Every Molecule of LNG Possible – gcaptain.com

February 13, 2022
Art Laffer: I don’t see any hope for inflation coming down substantially –

Art Laffer: I don’t see any hope for inflation coming down substantially –

February 12, 2022

Oil jumps amid escalating tensions between Russia and Ukraine

February 11, 2022

Finance

Most Common Money Lies in Relationships

February 13, 2022
Why the Fed overstimulated the economy

Why the Fed overstimulated the economy

March 24, 2022
6 Stocks for a 2022 of Higher Interest Rates and Slower Earnings Growth

6 Stocks for a 2022 of Higher Interest Rates and Slower Earnings Growth

February 12, 2022

A Harvard-trained economist shares the surprising benefits of marriage

February 11, 2022

Forex

Leveraged DeFi Coming to Fantom – Will This Turn FTM Bullish?

February 13, 2022
Experts paint grip picture of what could happen if CBN stops sale of forex

Experts paint grip picture of what could happen if CBN stops sale of forex

February 13, 2022
US CFOs report supply chain and currency FX volatility

US CFOs report supply chain and currency FX volatility

February 12, 2022
EURUSD trading above and below 1.1400 as traders ponder what next after the

EURUSD trading above and below 1.1400 as traders ponder what next after the

February 11, 2022

© 2020 Marketofbusiness.com

  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Cookie Privacy Policy
  • DMCA
No Result
View All Result
  • Latest
  • Small Business
  • Markets
  • Politics
  • Companies
  • World
  • Jobs
  • Finance
  • industry
  • Economy
  • Forex

© 2020 Marketofbusiness.com

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously

wpDiscuz