Downtown PA bank closes without telling the city
Published 9:38 am Saturday, November 4, 2017
A quick glance of the Capital One site under branch locations gives a telling sign.
All of t he hours for the Austin Street location in downtown Port Arthur are listed as closed.
Amanda Landers, media relations with the bank said the location has been closed since Tropical Storm Harvey hit due to water damage. The city of Port Arthur, however, owns the property and building where the Capital One bank sits and they didn’t know it was closed until this week.
Capital One is the only bank downtown. Other banks are miles away.
Willie “Bae” Lewis Jr., District 5 councilman, said under Regulation 42 of the state comptroller of currency, banks are to give a 90-day notice before closing and time to receive public comments.
“They closed the bank after the storm,” he said. “They had a roof problem from the leak and some damaged tiles. An asbestos contractor was called and the area was contained. The tiles need to be removed.”
City Manager Brian McDougal said he will meet next week with bank officials about the status of Capital One.
“As with Councilman Lewis, I’m disappointed they moved out of downtown,” McDougal said. “The city council took this very hard since Capital One left downtown.
“I haven’t been officially notified. If I had been notified, I would had told the council earlier. They’re suppose to give a 90-day notice.”
He estimates the contractor will complete the remediation work in the building in a couple of weeks.
Landers said the bank has been closed since the end of August as the damage was extensive. She was unsure if it was a temporary closing or a permanent closing.