Another bank pledges 1/1/00 opening
Philadelphia-based Sovereign Bank today became the latest bank that will be open Jan. 1, 2000, proving that it's year 2000-compliant.
Certain Sovereign branches will be open on Dec. 31 until 5 p.m. and on Jan. 1, 2000, from 9 a.m. to 1 p.m., the bank said in a statement. It will announce which branches will be open by year's end, Sovereign said. In addition, its phone center -- Sovereign Direct -- will be open for extended hours for customers during this period, Sovereign said. The phone center can be reached at 1-877-SOV-BANK, the bank said.
Sovereign joins Mellon Bank Corp. and Philippine banks, which have said they will be open for business Jan. 1, 2000.
Banks are announcing the unusual New Year's Day openings in an effort to assure customers that their money and account data will be safe throughout the Y2K transition.