Capital One Bank has announced the opening of its third branch in the Harlem community, New York, US.
The bank said that new branch offers local residents a range of financial services and personal account features.
Lynn Pike, president of Capital One Bank, said: Harlem is an important part of New York’s cultural landscape, and Capital One Bank is proud to be involved in the revitalization of this historic neighborhood.
Thomas DiNapoli, New York state comptroller, added: Our deposit will provide the bank with a greater base to spark neighborhood economic growth, by making loans to neighborhood residents and small businesses.
In return, the state gets a fair rate of return on its money and residents have greater access to lower-cost financial services. This innovative program is a win-win-win for the community, the state and the bank.