Showing posts with label bank branches. Show all posts
Showing posts with label bank branches. Show all posts

Tuesday, February 22, 2022

Citizens of the neighborhood prepare to say hello to this new bank branch

Photos by Steven

The HSBC-Citizens Bank switcheroo officially happens today on the SW corner of Second Avenue and Ninth Street...
Not sure what kind of festivities will take place to mark the occasion. (Do banks still give away toasters? If not, then they should.)

As previously reported on EVG, HSBC agreed last spring to sell 80 of its 148 U.S. branches to Providence, R.I.-based Citizens Bank. 

Thursday, February 3, 2022

As the bank branches turn on 2nd Avenue

Meanwhile, in bank branch news... as you likely know, HSBC agreed last spring to sell 80 of its 148 U.S. branches to Providence, R.I.-based Citizens Bank. 

The HSBC on the SW corner of Ninth Street and Second Avenue made the cut and will transition to a Citizens Bank on Feb. 17. 

Ahead of that, workers yesterday installed the deep-green Citizens signage (with the daisy wheel logo ) ... EVG contributor Steven was there to mark the occasion...
... and at the end of the day, a temp HSBC was back on the marquee...
HSBC arrived here in the spring of 2010 ... before it was a bank branch, the Max Brenner's Chocolate by the Bald Man haunted this space

Previously on EV Grieve

Monday, March 9, 2020

Bank of America makes it official on East Houston



The Bank of America signage is up now on Eldridge and Houston.

This will be the latest branch from the Bank of America Corporation, an American multinational investment bank and financial services company headquartered in Charlotte, N.C.

This BoA arrives at a time when other branches have been closing in the area, including the two Capital Ones in the East Village. In recent years, Citi, Chase and Santander all shuttered their outposts on Avenue A.

This address, 147 E. Houston St., was previously a Pay-O-Matic check-cashing center.

Previously on EV Grieve:
Bank of America checking into corner space on Houston and Eldridge

Tuesday, January 21, 2020

Chase unveils its Coffee Shop-replacing sign on Union Square



Chase, the newish tenant on the southwest corner of West 16th Street and Union Square West, has erected its new vertical sign on the building — a bland attempt at replicating the familiar neon that was here for 60-plus years.

Food writer Nick Solares shared these photos...



A little history. The Coffee Shop, the Brazilian-American diner run by former Wilhelmina models, closed here in October 2018 after 28 years in business. The Chase branch opened on Dec. 17 ... along with Chase-partnered Joe Coffee. (There's also another vegan quick-serve outpost of by CHLOE on the 16th Street side.)

During the renovations, workers removed the 1950s-era Coffee Shop neon sign — which belonged to the cafe (called Chase, oddly enough) that predated the Coffee Shop by several businesses.

There was some hope that the old sign would return after a cleaning/refurbishment. Obviously that isn't happening.


[Photo via Jeremiah Moss]

Tuesday, March 26, 2019

What's in your empty storefront? Capital One is closing both of its East Village branches



After May 8, Capital One will no longer have a bank branch in the East Village.

Closing notices are up in the locations on Third Street and Avenue C (above) ...



... and 10th Street and Second Avenue...


[Photos on 2nd Avenue by Steven]



The Capital One on the southeast corner of Third Avenue and 14th Street closed in July 2016 (that retail space is still for rent).

The bank is sending customers over to the newish multi-level flagship location on 14th Street and Broadway. (An EVG tipster first told us about these pending closures in January. Per the tipster: "It's Union Square or be damned" for Capital One customers.)

This continues the trend where banks are closing down local branches. Last June, The Wall Street Journal reported that banks across the United States have closed nearly 9,000 branches this decade "as more customers rely on digital tools to complete routine banking transactions."

In recent years, Citi, Chase and Santander all shuttered their outposts on Avenue A, making it a bank-branch-free zone for now.

Monday, July 30, 2018

Former Santander space for lease on Avenue A



This Santander branch closed at the end of April here on Avenue A at Fourth Street (southwest corner). And the for rent signs finally arrived late last week.

According to the listing via Newmark Knight Frank, "dry uses" are preferred...



The listing notes that the neighboring tenants are the coming-soon Equinox next to Katz's, Blink, New York Sports Club and Duane Reade.

The asking rent is $95 a square foot for the 3,700-square-foot space.

Pizza for 20 Avenue A



While on the topic of former bank branches on Avenue A ... the long-vacant former Chase space at Second Street (20 Avenue A) may finally have a tenant... the for lease banner came down on June 20.

On Friday, work permits were filed with the city for the following (in the ALL-CAP DOB style): TO INSTALL PIZZA OVEN AND DELI EQUIPMENT IN EXISTING STORE SPACE INCLUDING MINOR FLOOR AND WALL FINISHES AS PER PLAN.

Didn't spot any other info at the DOB ... such as the name of the new business. The monthly asking rent here had been $36,000, per the last listing for the address.

Chase vacated this storefront in November 2015. There were six or seven different brokers for the space in these past three years.

Previously on EV Grieve:
The retail-wine bar possibilities for the former Chase space on Avenue A and East 2nd Street

The retail space at 20 Avenue A no longer looks like a bank branch

Another broker for the former Chase branch on Avenue A

Monday, April 30, 2018

Avenue A bank-branch free for the moment with Santander's closure



This Santander outpost closed on Friday here on Avenue A at Fourth Street. Workers had removed the signage by the end of the business day.

A letter to Santander customers in January explained that the bank was consolidating this branch with the one at 841 Broadway.

This departure makes Avenue A bank-branch-less for now. The Chase closed at Second Street in November 2015 ... while the Citi shut down between Third Street and Fourth Street in January 2017. Both of those spaces remain on the rental market.

Previously on EV Grieve:
Reader report: Santander branch closing in April on Avenue A

Wednesday, March 28, 2018

The OTB parlor-bank branch post that you've been waiting for

Heading outside the usual coverage area for a moment... for this item of possible interest to people curious about former OTB parlors and new bank branches.

So! Down at the end of the Bowery at 7 Chatham Square in Chinatown, the OTB has sat empty — its lettering intact — since the New York City Off-Track Betting Corporation closed in December 2010.

This past summer, a for sale sign arrived...


[July 17]

And plywood went up last month...


[Feb. 26]

And on Monday, signage for the new tenant made its debut... woo!



This replaces the Chase branch that was a few storefronts to the north.

Patch first reported on the incoming Chase back in January. Wellington Chen, executive director of the Chinatown Partnership, said that this OTB was the most profitable branch in the city.

Meanwhile, the other branch, Chase, is expected to open next month.

Tuesday, February 6, 2018

Bank branches everywhere no more


[File photo of the former Citi branch on Avenue A]

Last week we noted that the Santander branch at Avenue A and Fourth Street is closing on April 27. At that time, Avenue A will be bank-branch free.

Apparently the days where you could count on a bank branch opening in every recently vacated retail space are coming to an end. (How far we've come from 2014!)

The Wall Street Journal (subscription required) today looks at the trend of banks cutting back as more customers move online.

To the article...

The number of branches in the U.S. shrank by more than 1,700 in the 12 months ended in June 2017, the biggest decline on record, according to a Wall Street Journal analysis of federal data.

Branch numbers fell again in the second half of 2017, according to related data submitted to bank regulators and reviewed by the Journal. That would add to the thousands of locations closed following the financial crisis, and is the longest stretch of closures since the Great Depression.

Many of the closings were in big cities and surrounding suburbs, where branches were consolidated largely because of falling foot traffic.

And!

Banks say they carefully consider which branches to close, examining deposit levels at each branch and commute time to the nearest location. “We continue to evolve and optimize our branch network to ensure that we’re operating as efficiently and effectively as possible,” a Capital One spokeswoman said.

For decades, banks needed to add new locations to grow, pushing the number of U.S. branches to a peak in 2009. But in the aftermath of the financial crisis, some started closing branches to save money — and then kept closing them to contend with low interest rates and higher regulatory costs.

Along the way, lenders realized they could maintain their deposit levels with fewer locations in a digital world where customers often prefer banks’ mobile apps and ATMs.

At this point we may need to retire the "bank branches everywhere" tag.

Previously on EV Grieve:
Capital One® departs 14th and 3rd (bank branch down!) for new Union Square home

Chase space on 2nd Avenue and St. Mark's Place is for rent

The East Village is down 2 Chase branches

Wednesday, January 31, 2018

Another broker for the former Chase branch on Avenue A



As noted yesterday, the Santander branch on Avenue A and Fourth Street will close on April 27. Neither here nor there but this will make Avenue A bank-branch free in late April. (Unless one opens before then...)

The Chase branch at 20 Avenue A and Second Street closed in November 2015 ... and that space remains on the market.

Late last week, a new wraparound for-lease sign arrived via Eastern Consolidated... and this is either the fifth or sixth (or seventh?) broker to try to rent the storefront in the past two-plus years. For example:


[October 2016]


[May 2016]


[February 2016]

Now, Eastern Consolidated has No. 20 listed at $110 per square foot. There's 4,000 square feet on the street level and another 4,000 in the basement. (PDF of the listing here.)

Eastville Comedy Club looked at moving from Fourth Street into part of the space at No. 20. However, CB3 denied the application last October, citing, among other reasons, that this address was never licensed before ... and that it exists in a saturated zone.

Previously on EV Grieve:
The retail-wine bar possibilities for the former Chase space on Avenue A and East 2nd Street

The retail space at 20 Avenue A no longer looks like a bank branch

Tuesday, January 30, 2018

[Updated] Reader report: Santander branch closing in April on Avenue A



An EVG reader writes in: "Ugh! My bank is closing. Santander is still in business but the local branch at Avenue A and Fourth Street is closing in April. Letters set to go out to customers this week or next."

And here is part of the letter, which notes the branch closes at noon on April 27:



After April 27, Avenue A will be bank-branch free for the time being. The Chase branch closed at Second Street in November 2015 ... while the Citi shut down between Third Street and Fourth Street last January.

The Boston-based Santander Bank announced last week that it was raising its minimum wage for employees to $15 per hour.

Saturday, January 14, 2017

50 Avenue A is no longer a Citibank branch



About 20 minutes after the Citibank branch shut down operations yesterday at 50 Avenue A, workers began removing the signage here between Third Street and Fourth Street...

Workers continued to haul out the remains of the bank branch today... while telling customers that they need to go to the Seward Park branch on Grand Street for banking business...



There is also a Citibank ATM inside the 7-Eleven on Avenue A at 11th Street (and a branch on First Avenue in Stuy Town)...



Previously on EV Grieve:
The Citibank branch on Avenue A is closing

Friday, January 13, 2017

Citibank branch closes today on Avenue A



Back on Oct. 12, we shared the news that the Citibank branch at 50 Avenue A between Third Street and Fourth Street was closing in January.

And today is closure day — 3 p.m. to be exact.

The Citibank signage directs patrons to use the branch on Grand Street in Seward Park moving forward.

There has been an E.A.B. branch here since at least the early 1990s (if anyone can recall for sure). Citibank bought E.A.B. in 2001.

I asked a Citibank customer service rep here back in December about the closure. He said he didn't know anything — he was filling in from another branch — other that that the bank decided not to renew the lease upon the completion of its terms.

While we were talking, a woman who had been patiently waiting in a short line asked the teller if they had any 2017 calendars. The teller apologized and said that they didn't have any calendars. The customer said that she would return the next day to see if any calendars may have arrived. Meanwhile, a man — a regular on Avenue A and in Tompkins Square Park — sat sleeping in one of the chairs in the waiting area.

Previously on EV Grieve:
The Citibank branch on Avenue A is closing

Friday, October 21, 2016

A few more details about renting the former Capital One® on 14th Street and 3rd Avenue

The for rent signs arrived at the former Capital One® branch on the southeast corner of Third Avenue and 14th Street way back in early September.

And we've been waiting patiently for the listing to arrive online at RKF ... and that blessed event finally occurred yesterday.

Well, there's not a whole lot to the listing (like the monthly rent)... here ya go:

SPACE
Ground Floor — 3,000 SF

POSSESSION
Immediate

TERM
Sublease through December 31, 2025

FRONTAGE
40 feet on Third Avenue
85 feet on East 14th Street

NEIGHBORS
5 Napkin Burger, Duane Reade, Dunkin’ Donuts, New York Sports Club, P.C. Richard & Son, Raymour & Flanigan, Sleepy’s, Trader Joe’s, Westside Market

COMMENTS
Immediately adjacent to the Third Avenue subway station serving the L train with annual ridership of 2,386,533 (Ed note: Hopefully it will be a business that can stay afloat for 18 months starting in 2019 when the L train shuts down.) Located at the base of a 19-story luxury condominium building

The Capital One® closed in July with the big move to 14th Street and Broadway.

Previously on EV Grieve:
Exclusive first look inside the new Capital One® bank branch at 123 Third Ave.


[Exclusive photo from September 2011]

Wednesday, October 12, 2016

The Citibank branch on Avenue A is closing


[Photo from 2014]

The Citibank branch at 50 Avenue A between Third Street and Fourth Street is closing in January.

Citi customers started receiving letters yesterday about the development. An EVG reader shared this...



The letter, which does not offer a reason for the closure, states the last day on Avenue A will be Jan. 13. This customer's account will be transferred to the branch on Grand Street in Seward Park, which is not really convenient. (Why not the Stuy Town branch on First Avenue at least?)

Another EVG reader recalls that No. 50 was previously home to an E.A.B. branch. Citibank bought E.A.B. in 2001, according to The New York Times.

Per the reader:

In the 1990s, we loved E.A.B. and the people who worked there, especially the manager, John Ottino. Then at some point, Citibank bought out E.A.B., which upset us because everything became so corporate, but at least John and several other wonderful people who had worked for E.A.B. stayed on at the branch for a while, and at least we’ve been able to keep our original E.A.B. account numbers all these years. Because of constant employee turnover, this Citibank branch hasn’t provided a personal touch for many years, but it certainly has been convenient to bank there.

The Chase branch at 20 Avenue A closed last November. That space remains vacant.

Monday, September 12, 2016

Former Capital One® space now for rent on 14th and 3rd



The Capital One® on the southeast corner of Third Avenue and 14th Street closed (bank branch down!) in July with the big move a few blocks to 14th Street and Broadway.

Now this prime corner space is on the rental market. The sign just went up... and the listing at RKF isn't live yet.

Will update with the rental info once it's available.

Meanwhile, what bank kind of business do you think might take this space? (We speculated that this was one possible landing spaces for the soon-to-depart M2M.)

Tuesday, February 9, 2016

The retail-wine bar possibilities for the former Chase space on Avenue A and East 2nd Street



As you probably know, the Chase branch on Avenue A at East Second Street closed last Nov. 12 (along with the Chase on Second Avenue and St. Mark's Place).

While the space had been for rent going back to last summer, when we spotted a smallish sign above the storefront... there's now a new broker and rental signage along the storefront here at 20 Avenue A...



And there are some realistic scalies too...





The renderings on the Town Real Estate PDF show potential retail and wine bar usage... with two outdoor cafes (one on A and one behind the property...)


[Click to go big]


[Ditto]

Overall, the upscale presentation of the property is so much more glamorous than the charmless bank-branch corner... the cover of the marketing materials announces "Your corner. Your brand. Your town." ... with images of a woman who forgot to open her mouth for the meatball on a fork... and, oddly enough, a photo of a woman's calves...


[Definitely click to go big]

The rent is available upon request. You may visit the PDF here for the different layout possibilities for the space.

Also, someone has finally discarded the half of a roll, half of a bagel and dead pigeon that were in the former Chase lobby.

Previously on EV Grieve:
Chase space on 2nd Avenue and St. Mark's Place is for rent

2 East Village Chase Bank branches are closing for good on Nov. 12

Chase branch on 2nd Avenue at St. Mark's Place has the potential to get 4x larger with new owner

The East Village is down 2 Chase branches

Icon wraps former Chase branch at St. Mark's Place with retail ribbon

Tuesday, January 19, 2016

'Good riddance' Chase, and — a development to watch in 2016

The Chase branch at 130 Second Ave. and St. Mark's Place closed back on Nov. 13, consolidating with the branch two blocks to the north.

This past weekend someone took notice to this development...


[Photo by Steven]

Had we actually got around to doing one... this would have made some kind of "developments to watch in 2016" listicle or something. To recap! The retail space via Icon Realty has been on the market, with an asking price of $72,000 a month... the listing notes the address is acceptable for "General Retail Use, Restaurants/Bar, Office Space, Gyms/Fitness Centers."

As previously reported,, the former Chase space allows for redevelopment of the current 2,380-square-foot site into a mixed-use retail and residential project of 9,520 square feet.


[Photo from December by Steven]

A few EVG regulars figure we'll be in for a few extra floors here one of these days...

Previously on EV Grieve:
Chase space on 2nd Avenue and St. Mark's Place is for rent

2 East Village Chase Bank branches are closing for good on Nov. 12

Chase branch on 2nd Avenue at St. Mark's Place has the potential to get 4x larger with new owner

The East Village is down 2 Chase branches

Icon wraps former Chase branch at St. Mark's Place with retail ribbon

Wednesday, December 16, 2015

Icon wraps former Chase branch at St. Mark's Place with retail ribbon



It's now a little more obvious that the now-closed Chase branch on Second Avenue at St. Mark's Place is for rent.

The retail ribbon has arrived on the property via Icon Realty. The retail space has been on the market, with an asking price of $72,000 a month, per the listing, which notes the address is acceptable for "General Retail Use, Restaurants/Bar, Office Space, Gyms/Fitness Centers."

As the Commercial Observer first reported back in August, J.P. Morgan Chase sold the 2-level space to Stellar Management for $12 million. (Stellar and Icon teamed up to buy the gas-challenged No. 128 next door.)

The former Chase site allows for redevelopment of the 2,380-square-foot site into a mixed-use retail and residential project of 9,520 square feet, the Observer noted.

The branch here at 130 Second Ave. closed after Nov. 12 and consolidated with the location two blocks to the north at No. 156.



Photos by EVG correspondent Steven

Previously on EV Grieve:
Chase space on 2nd Avenue and St. Mark's Place is for rent

The retail space at 20 Avenue A is on the market

2 East Village Chase Bank branches are closing for good on Nov. 12

Chase branch on 2nd Avenue at St. Mark's Place has the potential to get 4x larger with new owner

The East Village is down 2 Chase branches