NEW YORK — Heavy snow has prompted several retail banks in the metropolitan New York area not to open their branches Friday.
Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp. and Popular Inc.'s Banco Popular all didn't open many or all of their branches in or around New York City.
TD Bank, the U.S. retail banking subsidiary of Toronto-Dominion Bank, however, is open. Its branches opened at 9 a.m. instead of the usual 7:30, but will remain open until their usual closing time, a spokeswoman said.
A spokeswoman for Citigroup said that all the bank's branches in the tri-state area around New York City would be closed, but it plans to open them Saturday. Automated teller machines remain functioning. The bank activated its standard "continuity of business" procedures, which include stocking ATMs with cash.
A spokesman for JPMorgan Chase said the bank, New York's largest by the number of branches and the nation's third-largest by deposits, won't open most branches in metro New York City. Branches in Connecticut are open, he said. JPMorgan's ATMs are also fully functioning, he said.
Capital One closed its branches in the Northeast U.S., which are mainly in metropolitan New York, but customers can use ATMs and bank online, a spokeswoman said. Capital One's operation centers are not in New York.
It is the second time in February that snow has led New York City's major banks to close branches in a month that is usually less profitable than other months because of its brevity. Two weeks ago, several banks closed their branches in the afternoon as the snowfall became heavy.