Bloomfield CIBC branch to close
Administrator | Mar 22, 2017 | Comments 16
A photograph of The Canadian Bank of Commerce when it opened on Bloomfield Main in 1955 remains on the wall inside the bank.
Customers of CIBC in Bloomfield are learning the branch and instant teller machine will be gone this September.
The bank will have been located at 257 Main St., for a week short of 62 years. It opened as the Canadian Bank of Commerce on September 30, 1955. (The bank merged with the Imperial Bank of Canada in 1961 to become the Canadian Imperial Bank of Commerce).
A letter from Dean Chapman, District Vice-President was posted on the wall outside and available from tellers states declining business volume over a number of years.
Closing date is set for Wednesday, Sept. 20, 2017.
“This decision was made after the consideration of many factors, including declining business volumes over a number of years,” said Chapman in the letter. “Your accounts will continue to be serviced from our Picton Banking Centre, approximately seven kilometres east.”
“I’m so disappointed to see this happen,” said a long-time customer reading the notice. “I arrange my business around this location and have no interest in driving to Picton, especially in the summer.”
“At very least they could have kept the instant teller machine here,” her friend added. “There’s nowhere in Bloomfield with an instant teller you don’t have to pay extra to use.”
Those with questions about the transition are invited to a community information meeting Thursday, June 15 from 7-9 p.m. at the Bloomfield Town Hall. Questions about the relocation of accounts and services are also being directed to 1-888-780-8416, or to the team at the Bloomfield bank.
Arrangements have been made to move safety deposit boxes to Picton by armoured vehicle, under CIBC supervision. If contents of your safety deposit box are fragile, you are being asked to remove those items before the move.
Filed Under: Local News
Has anyone considered the employees that will now be loosing their jobs. I’m sure some opinions would be different if it was there job being axed. Banks need to realize tellers are still important customer service people. More often than not the first person you see when going to the bank. Record profits at the expense of the front line workers.
Heartbreaking to think that CIBC is not raking in a big profit on its Bloomfield branch. Should we start up a collection?
Oh my God in this day and age! Obviously it is not profitable to continue operation. Ask BMO,Scotia Bank, RBC, TD why they aren’t jumping at the chance to come in and lose money. Certainly would not get approval on my investments.
Has Bloomfield really shrunk that much in the past 62 years? It has never had so many summer visitors, many of them using the ATM along with the locals. There seem to be more storefronts than ever before, too. Likely some of these business places use the bank. It’s just one more service that we are losing.
Bloomfield is not big enough for a bank. As a shareholder it is smart business decisions such as this that ensure a good dividend return.
I will not be a customer at Cibc picton, I will be looking for a different bank, though I have been a customer for 40 years!
The Bloomfield ATM is used by lots of tourists who visit Bloomfield in the summer. One business which does not accept credit or debit cards has a sign advising customers that there is a bank machine across the street. Customer service does not seem to be a priority with the CIBC.
Dennis, it’s all about the bottom line. Obviously the Bloomfield branch is not profitable. Last I heard they pulled the plug on the Deseronto branch leaving them with no bank at all. The automated world will make banks extinct.
I don’t believe the CIBC has thought this decision through. As one of their customers, I can tell you that the Bloomfield branch is the easiest one to get to and has better parking – plus it is far more handicapped accessible than the one is in Picton. So unless the CIBC is prepared to re-locate to a site with parking and is also handicap friendly, they will lose customers. I might just might be their first.
Belleville is beginning to look more like an option all the time. Trying to park in Picton in the summer months is just an exercise in frustration.
Well I guess your option then is Belleville.
Will miss the ATM. I will not drive to Picton to use an ATM especially in the summer.
ATM in Bloomfield is always busy, It’s so much easier to go there than to try and park in Picton. Annoys me that we are losing this service. The women who work there are all friendly and helpful. Sad to see them lose their jobs. Just one more service we are losing here.
I hate hearing this as I go there to do my banking as you can’t even get near the bank in picton. The machines are always down, and don’t get me going on the parking situation. I hate driving in Picton in the summer time
Can’t afford to keep these services in a small village. CIBC only made a couple of billion the last quarter.
This makes me sad. My mum was manager here for a number of years. Always loved the individual service received in Bloomfield.