(Source: Business Wire)

Capital One Bank today celebrated the grand opening of a new full-service branch in Brooklyn offering local residents a broad range of financial services. The new branch, located at 858 Fulton Street, is in an area designated by the New York State Banking Department as a Banking Development District (BDD), a program designed to help provide banking services to underserved neighborhoods across New York City.
"Capital One's new Fulton Street branch is part of our ongoing commitment to the Brooklyn community," said Bernard J. (BJ) Duffy, Brooklyn Market President for Capital One Bank. "We fully support the State's and City's efforts to ensure that all neighborhoods have banking services that they can rely on and we are extremely proud to be able to provide access to banking services to individuals and families throughout Clinton Hill. We hope that this branch will be a resource for the community to help spur economic development and growth for local small businesses."
Capital One Bank remains focused on its goal of working with local residents, government, and community organizations to promote long-term economic development and community revitalization in Brooklyn.
Joined by local community leaders, Capital One officially marked the grand opening of the Branch with a community open house.
Deb Howard, Executive Director of the Pratt Area Community Council, stated, "After five years of searching for a bank that would open a full-service branch on Fulton Street, PACC was very excited when Capital One agreed to become part of our community. Businesses were suffering as we had no banking services for 27 blocks even though Fulton Street is a major commercial corridor in the borough, With the new Capital One branch now in operation, businesses and residents alike have the ability to bank at a convenient location in our neighborhood. The commercial lending and banking services will spur investment and provide opportunities for our local businesses to grow and prosper."
"The opening of this Capital One branch will bring critical banking services to the consumers and small businesses in the Fulton Street area," said Richard H. Neiman, Superintendent of Banks for New York State. "Lack of access to traditional banking services may have restrained development in this area in the past, but with this BDD branch we are supporting this thriving neighborhood's initiative to increase commercial growth and create more jobs."
"The Banking Development Program is truly a partnership between community residents, the bank, local officials, the Banking Department and the State Comptroller's office," said Comptroller DiNapoli.