Capital One Financial to Close All N.Y., N.J. Branches Monday Due to Storm
October 28 2012 - 6:45PM
Dow Jones News
By Matthias Rieker
Capital One Financial Corp. (COF) decided late Sunday to keep
all its 350 branches in New York and New Jersey closed on Monday in
anticipation of Hurricane Sandy.
"Decisions regarding closings and reopenings of branches and
other business operations are based mainly on safety
considerations," said a spokeswoman for the Mclean, Va.-based
bank.
Capital One is the fifth largest retail bank by deposits in the
metropolitan New York area, according to the Federal Deposit
Insurance Corp., with an extensive branch network on Long Island
and Manhattan. The spokeswoman said automated teller machines will
continue to function, and customers can continue to bank over the
Internet.
Write to Matthias Rieker at matthias.rieker@dowjones.com
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