Request for Expression of Interest: Alternative Financial Service ProviderPosted on September 5, 2019
The Corporation of the Township of Terrace Bay (the “Township”)—through the established Ad-hoc Alternative Banking Committee (the “Committee”), as approved by Township Council—wishes to fill the gap in financial services left behind from the Canadian Imperial Bank of Commerce’s (CIBC) departure from the community. As investment in the community continues, due in part to the foreign direct investment from the Aditya Birla Group (a Fortune 500 global conglomerate, headquartered in Worli, Mumbai, India) in the AV Terrace Bay pulp mill (AVTB), there remains a demand for locally-based financial services from residents, businesses, and non-for-profit organizations—this institutional presence being a vital component to the continued momentum of economic growth for Terrace Bay.
Please check back periodically for addendums to the REOI, as will be linked below.
For any questions or additional information, please feel free to contact:
Special Projects Coordinator