Bankhead, Alberta was a small coal mining town that existed in the early twentieth century, in Banff National Park, near the town of Banff, Alberta. The mine was located at Cascade Mountain, which contains high grade anthracite coal deposits. The Bankhead coal mine was operated by the Pacific Coal Company, a subsidiary of the Canadian Pacific Railway, which needed the coal to fuel its steam engines. The mine began operations in 1903.

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. The report concluded: "This would indicate that after the above date Bankhead will be a dead town so far as coal mining is concerned." This report concluded that no reasons were given for the closure, although it was generally understood that mining there had not been profitable. There had been a strike at the mine two months before this announcement, and the mines had been closed since that time. 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. The town population was around 1,000 people.

All of Bankhead's buildings were built and owned by the company and rented to the residents. In 1926, many of the town's buildings were moved to Banff and Canmore.