Lynn's only bank to close

The Lynn branch of BankFirst, pictured above, will be closing its doors on December 31.

LYNN   - Lynn town officials and residents have expressed a good deal of concern, after receiving a 90-day notice that their branch of BankFirst will be permanently closing at the end of the business day Dec. 31.
The town received a letter dated Sept. 27, and signed by Heyward Gould, BankFirst’s regional president for Alabama and Rickey McCreless Sr., BankFirst west region president for north Alabama that the Lynn branch would close but that, “the same banking services you have come to expect will continue at our other Winston County BankFirst branches,” the letter stated.
The customers of the Lynn branch do not have to take any action regarding this announcement since their accounts at BankFirst will not change, according to the letter.

“There will be no interruption in service, and you’ll have access to your accounts at all times,” the letter continued.
The letter instructed that safe deposit customers would receive a separate letter regarding their safe deposit boxes.
Whether customers do their banking in person at a branch or ATM, online or by phone, BankFirst, the letter continued, will continue to offer convenient and flexible digital banking options, allowing them to access their accounts virtually anywhere, anytime.
Any person wishing to comment on the proposed branch closing is encouraged to file comments with the officer-in-charge of Consumer Compliance of the Federal Reserve Bank of St. Louis, P.O. Box 442, St. Louis, Missouri, 63166-0442.
“However the Federal Reserve does not have the authority to approve or prevent the branch closing,” the letter continued.



See complete story in the Northwest Alabamian.
Subscribe now!