John Mason is reporting in the Register-Star the village of Philmont is losing its only bank. Depositors were notified Sat., Jan. 30, that Key Bank, located at 120 Main St., will be shuttered, as of April 29. A bank representative said several factors are considered when a decision to consolidate is made, including customer use of the branch, possible access to other branches and customer banking service preferences. Mayor Clarence "Skip" Speed was not surprised at the news. Speed said the village had some experiences with Key Bank and moved its business to the Bank of Greene County. Village Trustee Doug Cropper said he had not heard anything positive about the bank closing in April. Lorraine Jones, a resident at Richardson Hall, which is located less than a block from Key Bank, has lived all of her 81 years in Philmont. She said the entire village is upset about the bank closing. Jones said, "It's going to be very different for everybody. I was at the senior center and they're up in arms. Nobody knows what to do about it. This village has mostly old people in it — it's very, very difficult for everyone." Read the full story in the Register-Star.