Grand Manan mayor leaves ‘positive’ meeting with Ottawa as bank closure looms

16 Jun 2022 | Economy | 206 |
Grand Manan mayor leaves ‘positive’ meeting with Ottawa as bank closure looms

The mayor of the remote New Brunswick community on Grand Manan Island which is set to lose its last remaining bank for miles, says a meeting with federal finance officials went well.

However, the delegation left without any tangible solutions.

Mayor Bonnie Morse left the nation’s capital Thursday morning after a meeting with New Brunswick Southwest Member of Parliament John Williamson and representatives from Federal Finance Minister Chrystia Freeland’s Office.

“I thought it was a positive meeting,” Morse told Global News from Ottawa, while waiting for her flight home.

“They took a lot of notes, listened to what we had to say and were very engaged with the conversation.”

Scotiabank has announced it will close its Grand Manan branch on Aug. 24, leaving island residents with an hours-long trip and a $50 ferry ride to New Brunswick’s mainland to do any in-person banking.

A spokesperson for Scotiabank told Global News on June 10 that the institution’s plans have not changed.

Morse said there were seven people in the Ottawa meeting, including three from Freeland’s office, MP Williamson and a staff member from his office, Grand Manan councillor Gregg Russell and herself.

Admitting there isn’t much the federal government can do in terms of intervening in Scotiabank’s pullout, Morse is adamant the meeting was encouraging.

WATCH: Grand Manan, an island in New Brunswick’s Bay of Fundy with a population approaching 2,400, is about to lose its only bank — but not without a fight.

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— Travis Fortnum (@travisfortnum) May 21, 2022

 

Next, Morse said it’s time to regroup and continue working on mitigation.

“I think, with two months to go now, we have to really start zeroing in on if there is something we can do to help that transition,” she said.

 

“I think we’re still going to continue to push for Scotiabank to reconsider or to see if there is some sort of alternative that we can come up with that will bridge some of the gaps that we need to have bridged,” Morse said.

As she boarded her flight back to New Brunswick, Morse faced an hour and a half drive to the ferry terminal before another hour and a half spent on the ferry to get back to Grand Manan.

“It’s the whole banking problem in a nutshell when you travel,” she said.

by Global News