Regulator OKs new Capital One branches |
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Published
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Wed, 12 Sep 2007 17:46
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WASHINGTON (AP) - Capital One Financial Corp. won federal approval to open three new bank branches, a government agency said Wednesday.The Treasury Department's Office of the Comptroller of the Currency said in a weekly bulletin of regulatory activity that Capital One's requests to open the new branches were approved Sept. 6.Two of the new branches will be located in Dallas and the third will be in Galveston, Texas.The agency also said it received an application from the company Sept. 5 to open a new branch in New York City.Once a stand-alone credit card company, Capital One acquired a pair of traditional banks in a bid to diversify its operations.In November 2005, Capital One bought New Orleans-based Hibernia Corp., which had branches in Texas and Louisiana. In December, the company completed its acquisition of North Fork, which operates banks in New York, New Jersey and Connecticut.Capital One's shares dropped 10 cents to $64.18 in midday trading Wednesday.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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