Quick Answer: Why Is Capital One Bank Closing?

Is Capital One closing down?

“To minimize health risks from the coronavirus (COVID-19), we have made the decision to temporarily close select branch servicing by closing certain select locations and all Capital One Cafés,” the company said in a statement.

In the New York area, 64 branches will close while 82 will remain open..

Why are all the Capital One banks closing?

To minimize health risks from coronavirus (COVID-19), we are temporarily closing select branches and Capital One Cafés. Customers will be able to access ATMs at any branch or Café that is currently open. ATMs in external vestibules will continue to be accessible 24/7 as usual, even if the branch or Café is closed.

What bank is Capital One owned by?

On July 21, 1994, Richmond, Virginia-based Signet Financial Corp (now part of Wells Fargo) announced the corporate spin-off of its credit card division, OakStone Financial, naming Richard Fairbank as CEO. Signet renamed the subsidiary Capital One in October 1994.

Is Capital One a good bank?

Capital One is an average choice for brick-and-mortar banking, but the best value at this bank is found in its Capital One 360 online accounts. Capital One’s higher interest rates and fewer account fees makes it a strong candidate for your online banking, even compared to competitors who focus exclusively in that area.