A local newspaper report published 17 June 1922 indicated that notices of the closure of the Bankhead Mines had recently been posted through that town.

The notices made it clear that on and after 15 July the staff of Bankhead Mines would not be required and the coal operations would cease.

Another report on the mine closure noted that around 200 to 300 men were employed there with the output of coal running between 500 and 600 tons per day.

[6] The Bankhead Railway Station now sits on the grounds of the Banff Hostel on Tunnel Mountain Road.

Bankhead is located on the Lake Minnewanka road, just a few minutes drive from the Banff townsite or the Trans Canada Highway.