10/23/2025
                                            Shellbrook Scotiabank set to close in 2026
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By JORDAN TWISS
Shellbrook Chronicle Reporter
Recent years have seen banks and credit unions exit small towns in the Shellbrook and Spiritwood area. Now, it’s been announced that Shellbrook’s Scotiabank will be the next financial institution to follow this trend.
News of the pending closure, which is slated for June 18, 2026, began emerging last week, with posters going up around town. Moving forward, Scotiabank says all accounts will be automatically moved to the nearest branch in Prince Albert, and urges customers to reach out to the local branch with any questions.
The Chronicle & Herald reached out to Scotiabank headquarters to ask questions about the reasons driving the closure of the Shellbrook branch, but was told a spokesperson was unavailable. In lieu of taking questions, the company provided a brief statement.
“After careful consideration, we have made the difficult decision to relocate our services at our Shellbrook branch to our branch at Prince Albert,” it read.
“With client preferences changing, and more day-to-day banking being done digitally, we are continuing to evolve how we serve our clients and invest in areas that make it easier for our clients to bank with us in multiple ways. We are communicating this change to all affected clients and will be working with them to ensure a smooth transition. Our teams in Shellbrook and Prince Albert are committed to assisting all clients with any questions they may have.”
The Chronicle & Herald attempted to confirm how many employees the Shellbrook Scotiabank branch has, and whether they’ve been offered jobs elsewhere, but the company said it “couldn’t provide this information.”
Though he couldn’t say how the town will respond to the closure until it can be discussed by council, Shellbrook Mayor Amund Otterson expressed disappointment that “these banks are abandoning small towns.”
He also noted that Scotiabank’s benefits to the community far exceed it being a business on Shellbrook’s Main Street.
“Scotiabank’s been a great community support,” he said. “There’s lots of community development funding that has come through the Scotiabank because of local involvement [by employees].”
 
The closure of the Shellbrook Scotiabank marks the third loss of a local financial institution in this area since 2023. That year, the Village of Canwood lost its Affinity Credit Union branch, leaving it without a bank thanks to the closure of the CIBC branch in 2017.
Clients and community members in Canwood were first informed of the impending Advice Centre closure via mail and a press release sent out by Affinity in early February of 2023.
The announcement prompted a strong backlash from the community. And to address the community’s concerns and answer their questions, then-Affinity CEO Mark Lane attended a public membership meeting in Canwood in March, where he quickly dispelled any hope that Affinity would backtrack on its decision.
Instead, over the course of a 20-minute presentation and a 70-minute question and answer period, Lane outlined the strategy driving Affinity’s decision, saying it was the result of a change in the financial services industry and an evolution of the role of physical banks in people’s lives.
Lane’s explanation did little to appease community members. And after stating that the Canwood Advice Centre hadn’t been a source of trouble or financial losses for Affinity, community members were further disappointed when Lane couldn’t clearly explain why the closure was necessary for the company to pursue its strategy, or offer solutions to address their concerns.
In November of 2023, the Town of Spiritwood learned its Scotiabank branch would be closing its doors in July of 2024, ending its 96 years in the community. The community responded with a campaign to oppose the closure, sending 400 letters to Scotiabank’s head office and starting a petition that garnered nearly 1,250 signatures, but its outcry was also ignored.
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