Capital One Bank will close its Love Lane branch and Main Road satellite branch in Mattituck this fall.
The Virginia-based bank filed 90-day notices of branch closings on July 12 with federal banking regulators.
As reported by SoutholdLOCAL on June 26, Capital One filed an application with the Office of the Comptroller of the Currency to establish a branch in a new building at 11700 Main Road, Mattituck. After the filing, a spokesperson for the bank declined to comment on the fate of its Love Lane branch and the satellite branch it maintains in the Mattituck Plaza shopping center on Main Road.
The new building on Main Road was approved for a bank use by the Southold Planning Board in 2009. The original developer halted construction and the empty, unfinished building sat vacant and untouched for several years.
File photo: Denise Civiletti
Mattituck builder Paul Pawlowski purchased the property in November 2015. In addition to finishing the 3,241-square-foot bank building, Pawlowski built the 9,500-square-foot two-story building depicted on the previously approved site plan for the property. The building, adjacent to the new bank building, is approved for two retail shops and a 16-seat restaurant on the ground floor with offices on the second floor.
The two-story Love Lane building had been the headquarters of North Fork Bank and Trust Co., founded in 1950 as the result of a merger of Mattituck Bank and First National Bank of Cutchogue. North Fork Bancorporation was formed in 1980 and the bank became known as North Fork Bank. It acquired Southold Savings Bank in 1988 and during the 1990s expanded through the metro New York region with the acquisitions of a dozen more community banks. North Fork Bancorp moved its headquarters to a 73,000-square-foot office building on Main Road in Mattituck in 1984.
Capital One acquired North Fork Bank in 2008. It shuttered the former Main Road headquarters in 2011.
The Love Lane building is owned by the bank, which plans to sell the property, according to Capital One spokesperson Amanda Landers.
