With Tropical Storm Isaac approaching the northern Gulf Coast, many banks have closed some branches in Louisiana and Florida before the weather gets worse. Banks will make on-the-fly decisions to reopen when it is deemed safe to do so. Normal business is expected to resume on Thursday.
Tropical Storm Isaac is expected to reach hurricane speeds on Tuesday and its path indicates that landfall will occur at southeast Louisiana.
Capital One closed all southeast Louisiana branches early on Monday. Branches will remain closed on Tuesday and Wednesday, but some may reopen early if the weather improves.
Chase said it will close all branches in the New Orleans and Houma areas on Tuesday and Wednesday. The bank kept some Louisiana and east Texas branches open late on Monday to help customers conduct their banking before the storm.
Whitney Bank announced temporary closures of all Louisiana branches located south of Lake Pontchartrain for Tuesday. The bank will make regular updates on its website of which branches will be open and closed.
Capital One, Chase and Whitney Bank have the most branches in Louisiana, with a combined total of more than 500 branches locations in the state, according to the FDIC.
Citibank is telling customers to use its branch locator tool to find branches that will offer full service as Isaac hits the southeastern United States. Some Citibank branches in Florida closed as early as Monday.
“Should you be affected by Hurricane Isaac, we offer special services during emergency situations. We’re ready to provide financial recovery solutions to those affected, including access to cash and waiving fees,” Citibank said in a notice on its site homepage.
Smaller banks near the Gulf Coast region have closed some branches as well.
Depending on the severity of Isaac, bank branches may open as soon as Wednesday.
In all cases, bank customers are encouraged to call ahead to find out which branch location is open and whether or not the bank can offer any relief in this time of distress. Also, online and mobile banking will remain a viable option for customers who need to manage their finances.