40 Years of Bank Closures
Nearly 2,500 Canadian bank branches have shut their doors for good - how many were close to you? With so many communities across Canada lacking banking services, it's worth examining the dwindling numbers of brick-and-mortar locations in this digital age. For the last 40 elapsed years (as of 2025), approximately 45% of Canada's 2,620 small towns and rural communities with post offices — totaling about 1,179 communities — do not have any bank branches. Additionally, over 90% of the more than 700 Indigenous communities in Canada lack both bank and credit union branches. [1] While specific population data for each...
