MELVILLE – The Bank of Montreal has confirmed its Melville branch will close June 26, 2026, a decision that has prompted concern from local business leaders and a formal letter of protest from the Melville Chamber of Commerce.
In a written statement, BMO said it regularly reviews its operations, including its branch network, to adapt to changing customer preferences for how banking services are delivered.
“These decisions are carefully considered,” the bank said.
BMO said clients who currently use the Melville branch will be transitioned to the bank’s Yorkton location. The bank noted that as of June 19, 2026, Melville clients will be served through the Yorkton branch or any other location within BMO’s broader branch network.
The bank said it will work with customers to ensure a smooth transition and provide support as services shift away from the Melville location.
Alongside in-branch service in Yorkton and other communities, BMO highlighted alternative banking options available to customers. These include mobile and telephone banking through its BMO Virtual Connect platform, as well as assistance with setting up direct debit and credit payments.
Customers can also work with a personal banker virtually, the bank said, allowing them to review finances, open new accounts and manage loans, mortgages and investments without attending a branch in person.
For clients who may be less familiar with digital banking, BMO said it offers online video guides through its digital banking demo platform, covering tasks such as paying bills online, transferring funds between accounts, depositing cheques and sending e-transfers.
The bank encouraged any Melville clients who want help gaining confidence with digital or alternative banking options to book an appointment with the local branch team before the closure takes effect.
The Melville Chamber of Commerce said the closure would have serious implications for residents, local businesses and the community's overall economic well-being.
“Access to in-person banking services is especially vital for seniors, small business owners and those who rely on local support,” the chamber said.
The chamber also pointed to what it described as a long-standing relationship between BMO and the people of Melville, arguing that the loss of a physical branch would remove an essential service from the community.
“Our community deserves access to essential services and together, we’re making our voices heard."
BMO did not indicate whether it would reconsider the Melville closure or what would happen to the current staff at the bank, but said its focus remains on supporting customers through the transition and ensuring they are aware of the full range of banking options available to them.
