capital one cafe total History

 

capital one cafe total History 

The Capital One Café is a place where you can get some banking done and enjoy your favorite  Peet’s® handcrafted beverage. Grab cash, make deposits and use self-service banking at our ATMs. Friendly Ambassadors are on hand to answer your money questions or open an account. Everyone’s welcome.

About Mall of America®

Since opening its doors in 1992, Mall of America has revolutionized the shopping experience of tens of millions of visitors a year. A leader in retail, entertainment and attractions, Mall of America is one of the top tourist destinations in the country and is known around the world. 

History

In 1982, the Minnesota Twins and Vikings relocated from the Metropolitan Stadium in Bloomington to the H.H.H. Metrodome in downtown Minneapolis. This created an unprecedented development opportunity for 78 acres of prime real estate. Three years later, the Bloomington Port Authority purchased the stadium site and began entertaining proposals for development. Mall of America was chosen from four final proposals, and on June 14, 1989, developers and local dignitaries broke ground. On August 11, 1992, when Mall of America® opened its doors, 330 stores opened for business and more than 10,000 employees started their first day of work.

Today

Mall of America hosts more than 400 events a year, ranging from concerts, to celebrity appearances and fashion shows. Each year, 40 million people from around the world visit the mall, generating nearly $2 billion each year in economic impact for the state.

The long-term expansion vision for Mall of America will:

• Divert at least 50 percent of construction waste to recycling facilities rather than landfills
• Reduce environmental impacts from transportation by using building materials that are extracted and manufactured within a 500-mile radius of the project site
• Use water efficient plants and irrigation techniques to reduce the use of potable water by 50 percent
• Reduce the quantity of indoor air contaminants by using low-emitting adhesives and sealants, paints and coatings, carpet systems, and composite wood and agri-fiber products
• Implement sustainable initiatives already successfully in-use at Mall of America 

Consumers Still Value Their Branch

Traditionally, branches have been used to provide a place for customers to conveniently transact and manage their accounts. True, the branch has been a driver of sales as well, but, primarily, they’ve been about deposits and withdrawals. But this model has now gone through a drastic change. With the rise of digital banking – which is mostly used to conduct simple transactions – people are visiting their branch less frequently.

Importantly, however, this doesn’t mean that consumers don’t need them anymore. Most people still prefer to hold a conversation in-person about certain more complex financial services and products, which means that they need somewhere they can go to do just that. And indeed, while intuition may try to convince us that millennials are surely the cohort that are fleeing branches in the greatest numbers, 60% still find value in them.

Putting it all together, simply shuttering all branches is clearly not an option – at least not in 2017. Consumers still want them, need them, and value them, and to do away with branches would be to disregard the valuable growth opportunities they present entirely. And so, today, the challenge for banks is to provide a branch that continues to meet the needs of customers who still value their services, yet offer something different – something additional, perhaps – that will increase footfall and deliver new opportunities to drive new sales.