Premier Sandy Silver speaks during a press conference in Whitehorse on July 15. The Yukon government announced the transition community banking services from TD Bank to CIBC in a press release on July 28. Silver, in his role as finance minister, said the banking services allow those in communities to handle financial matters locally. (Alistair Maitland Photography)

Community banking services to move to CIBC

A number of Yukon communities will see changes in banking this fall as the territory transitions community banking services from TD Bank to CIBC.

The Yukon government announced the change in a July 28 statement, noting the new contract with CIBC will ensure continued banking services in communities that would not likely be otherwise served.

“Banking services are essential to community residents, First Nation and municipal governments, local businesses and tourists,” Premier and Finance Minister Sandy Sliver said. “Having reliable and convenient access to banking services ensures Yukoners in communities can take care of personal financial matters and be part of the economic growth of the territory.”

The territory is working with both TD and CIBC to ensure there’s as little disruption to services as possible.

Many residents won’t need to change accounts or institutions as services can be provided regardless of the institution and business and government can expect the same level and types of services currently delivered at the banks in the communities, the government said.

“CIBC is pleased to be appointed to serve these Yukon communities. Since opening our first branch in Dawson City in 1898, we have been proud of our deep relationship with the people in Yukon,” CIBC Northern Canada Region Head Chris Giulekas said. “We look forward to providing banking services to First Nations governments and local governments, businesses, community organizations and citizens.”​

Along with the full service banks it already operates in Whitehorse, Dawson and Watson Lake, the change will see CIBC locations in Beaver Creek, Burwash Landing, Carmacks, Faro, Haines Junction, Mayo, Pelly Crossing, Ross River, Teslin and Old Crow.

A staggered approach to the change will take place and depending on the community; that will happen between Sept. 28 and Oct. 15.

Contact Stephanie Waddell at stephanie.waddell@yukon-news.com

Yukon government

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

In a Feb. 17 statement, the City of Whitehorse announced it had adopted the what3words location technology used for emergency response. (Haley Ritchie/Yukon News)
Three words could make all the difference in an emergency

City of Whitehorse announced it had adopted the what3words location technology

Jesse Whelen, Blood Ties Four Directions harm reduction councillor, demonstrates how the organization tests for fentanyl in drugs in Whitehorse on May 12, 2020. The Yukon Coroner’s Service has confirmed three drug overdose deaths and one probable overdose death since mid-January. (Crystal Schick/Yukon News file)
Three overdose deaths caused by “varying levels of cocaine and fentanyl,” coroner says

Heather Jones says overdoses continue to take lives at an “alarming rate”

Wyatt's World for Feb. 24, 2021.
WYATT’S WORLD

Wyatt’s World for Feb. 24, 2021.

Approximately 30 Yukoners protest for justice outside the Whitehorse courthouse on Feb. 22, while a preliminary assault hearing takes place inside. The Whitehorse rally took place after the Liard Aboriginal Women’s Society, based in Watson Lake, put out a call to action over the weekend. (Crystal Schick/Yukon News)
Courthouse rally denounces violence against Indigenous women

The Whitehorse rally took place after the Liard Aboriginal Women’s Society put out a call to action

Susie Rogan is a veteran musher with 14 years of racing experience and Yukon Journey organizer. (Yukon Journey Facebook)
Yukon Journey mushers begin 255-mile race

Eleven mushers are participating in the race from Pelly Crossing to Whitehorse

Legislative assembly on the last day of the fall sitting in Whitehorse on Nov. 22, 2018. As the legislature prepares to return on March 4, the three parties are continuing to finalize candidates in the territory’s 19 ridings. (Crystal Schick/Yukon News file)
Nine new candidates confirmed in Yukon ridings

It has been a busy two weeks as the parties try to firm up candidates

David Malcolm, 40, has been charged with assaulting and attempting to disarm a police officer after an incident in Whitehorse on Feb. 18. (Phil McLachlan/Capital News)
Man resists arrest, assaults officer

A Whitehorse man has been charged with assaulting and attempting to disarm… Continue reading

Yukon Energy in Whitehorse on Aug. 4, 2020. A site on Robert Service Way near the Alaska Highway has been selected as the future home of Yukon Energy’s energy storage project. (Crystal Schick/Yukon News file)
Site selected for Yukon Energy battery project

Planned to be in service by the end of 2022

The Yukon government and the Yukon First Nations Chamber of Commerce have signed a letter of understanding under the territory’s new procurement policy. (Crystal Schick/Yukon News file)
First Nation business registry planned under new procurement system

Letter of understanding signals plans to develop registry, boost procurement opportunities

US Consul General Brent Hardt during a wreath-laying ceremony at Peace Arch State Park in September 2020. Hardt said the two federal governments have been working closely on the issue of appropriate border measures during the pandemic. (John Kageorge photo)
New U.S. consul general says countries working closely on COVID-19 border

“I mean, the goal, obviously, is for both countries to get ahead of this pandemic.”

Legislative assembly on the last day of the fall sitting in Whitehorse on Nov. 22, 2018. (Crystal Schick/Yukon News file)
Start of spring sitting announced

The Yukon legislature is set to resume for the spring sitting on… Continue reading

Whitehorse City Hall. (Joel Krahn/Yukon News file)
City hall, briefly

A look at decisions made by Whitehorse City Council this week

Most Read