It has been over two years now since Capital One has had virtually all of its employees working from home, due to the COVID-19 pandemic. And, it doesn't look like they are going to be returning to the office anytime soon.
Capital One is eliminating 130 jobs here in St. Cloud. The online bank has announced they are ending their home mortgage origination and home equity businesses.
A sign crew installs new signage at the former ING Direct Cafe in downtown St. Cloud, Friday, January 25, 2013. Capital One bought ING Direct for $9-billion, making it America's fifth-largest bank.
Capital One Financial says it's buying ING's online banking unit in the U.S. for roughly $9 billion in cash and stock. The deal calls for ING to receive $6.2 billion in cash.