Capital One Financial Corp. plans to open its first bank branch in Detroit that will include a Peet's Coffee shop and community workspace, Kurt Nagl of Crain's Detroit Business reports.
The cafe will take up 7,000 square feet on two floors at 511 Woodward in downtown Detroit and will include a glassy façade and pedestrian-friendly patio.
Customers can just come for a cup of coffee or open a bank account or get financial advice.
Business Insider writes this about the cafes:
Capital One's latest venture, the Capital One Café, is a new effort to market to millennials that appears aimed at bridging this disconnect — a move to win over their hard-won loyalty and lay a new foundation for relationship-based banking.
The company is opening a string of cafés in some of the nation's largest cities that function as co-working spaces open to the public. Anyone, regardless of bank affiliation, can grab a cup of coffee, sit on a couch, and, if they want, get coached through their money problems by professionals — for free.