Magazine article American Banker

Banks Reopen More Eastern Branches; Progress Tougher in NYC

Magazine article American Banker

Banks Reopen More Eastern Branches; Progress Tougher in NYC

Article excerpt

Byline: Jackie Stewart

Operations began to return to normal for several large banks on Wednesday in areas hard hit by Hurricane Sandy.

JPMorgan Chase (JPM) has reopened 587 branches in New York, New Jersey and Connecticut, it said. Those are roughly 55% of its branches in the Tri-State area. Nearly 60% of its 3,200 area ATMs were running, the company said.

Bank of America (BAC) said Wednesday that it has reopened 75% of its branches in the Northeast. Branches are fully functioning in nine states in addition to the District of Columbia and upstate New York. It also has 13 branches open in Manhattan with plans to open several more Thursday. The Charlotte, N.C., company has deployed mobile ATMs to lower Manhattan and plans to have them running Wednesday night.

HSBC (HBC) has reopened 101 of its 189 affected branches, including all of its locations in Delaware, Maryland, Pennsylvania, Virginia and the District of Columbia, the company said. …

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