Bank Branch to Close

The Amagansett branch of Capital One, at 100 Montauk Highway just west of the hamlet’s retail district, will close on April 24.     The bank’s customers were informed of the closing in a letter dated Jan. 21. The letter explained that accounts will be transferred to the Capital One branch at 40 Newtown Lane in East Hampton, with no change to accounts or account numbers.

Customers “will continue to receive the same level of high quality service at any of our nearly 900 branches,” Julie Rakes of the bank’s media relations wrote in an email. Ms. Rakes did not respond to an inquiry about why the branch is closing, except to say that the decision was “part of its regular business review to ensure Capital One is operating as efficiently as possible while continuing to provide quality services and products to its customers.”

Three employees’ positions will be eliminated upon the branch’s closing. They were given more than 90 days’ notice, Ms. Rakes said, and the bank has offered them assistance in applying for positions within the company. Should they be unsuccessful, they would be eligible for severance packages including retraining and outplacement services. “We are committed to doing all that we can to support our associates through this transition,” she said.

Representatives at the Amagansett branch would not comment on the closing, referring inquiries to the bank’s media relations department.