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Capital One To Take Up Space In Boston

Jun 28, 2011 | Reprints | Unlock Link | Print

Capital One Financial Corp., of the ubiquitous "What’s in your wallet?" barbarian commercials, has applied to open its first branches in Massachusetts, a spokeswoman has confirmed.

Amanda Landers told Banker & Tradesman that the institution has applied to open bank branches in Boston, but couldn’t offer any other details as of yet. The bank’s website currently lists its lone Bay State location as a Strategy and Corporate Real Estate Group office at 10 Post Office Square in Boston. It’s only retail branch in New England is in Branford, Conn., along the coastline.

Capital One most recently made headlines for purchasing ING USA Direct, the giant Dutch insurer’s online U.S. banking company, for $9 billion. That acquisition will provide about $80 billion of deposits for the bank, according to media sources.

Banking & Lending