Capital to the People

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Capital One Bank celebrated Black History Month in their new branch in East Harlem at 103rd Street and First Avenue.

Capital One is on a mission  to provide capital to the people.


The bank celebrated Black History Month at its East Harlem at 103rd Street and First Avenue location. Capital One has been steadily expanding its presence uptown and the First Avenue location was opened in 2007; it's the third branch in the area.


If Capital One treats its customers anything like it does its employees, then the bank should succeed in its mission.


In 2007 Fortune magazine named the Virginia based bank one of the top one hundred best companies to work for. The bank provides on the job training to make sure its 31,000 employees can advance in the corporate ladder.


And at the celebration of Black History Month it was all about advancement.


“The overall goal would be to get the community involved to be more self-sufficient and to get them working towards a goal, of managing their money, whether it’s  a fixed income or social security benefit,” said Assistant Vice President, Ramona Zambrana-Lopez. “I do a lot of the financial literacy in the neighborhood - it’s educating people on how to manage their bank accounts; how to budget and how to make it work in the long run.”



With more than $150 billion in total assets, the bank provides savings products, home and auto loans  but it is best known for popularizing the use of credit cards in the 90’s. Capital One has suffered from exposure to the subprime mortgage meltdown but recuperated its losses by swiftly discarding its mortgage lending arm in 2007.


The bank is one among many which received funding under the Emergency Economic Stabilization Act in 2008.


And now with its financial house in order Capital One invited local community leaders like Assemblyman Adam Clayton Powell IV to join in the celebration.

“This is my community and I appreciate the wok Capital One Bank is doing and the fact that they opened a branch right here in our community,” said Assemblyman Adam Clayton Powell, IV. “I appreciate the fact that we’re here together to celebrate African History Month. My father, as many as you know wrote some of the pages of African American History back in the 50s and 60s – not only as a Congressman for Harlem but really as a civil rights figure all through out the country.”



His father, Adam Clayton Powell Jr., is on the list of the 100 greatest African Americans as the first African-American elected to Congress from New York. He was the pastor of the historic Abyssinian Baptist Church in Harlem.



 “We need events such as these. We need our institutions to continue the tradition, at least through out the month of February,” said Assemblyman Powell.



The event was graced by the angelic voices of the Harlem School of the Arts choir, whose beautiful harmonies only underscored the message of the event as articulated by Ms. Srabani Roy, a Business Specialist at the bank, who hosted the event.


“The fact that diversity is here and now; we must embrace that change,” said the  Bangladeshi born, Ms. Roy, “Encouraging diversity is not a wishful option any more. It’s a crucial part of every day life and at work, so this is why we are celebrating diversity and Black History Month.”




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