McLean, Va. (August 25, 2014) – Capital One 360 and Peet’s Coffee & Tea today announced an expanded relationship that is designed to deliver a more personalized Customer experience in Capital One 360 Cafés . As part of the expanded relationship, the Cafés will include a full-service Peet’s Coffee & Tea store complete with trained baristas making handcrafted coffee, espresso and tea beverages and serving fresh food, while 360 Associates will focus on providing Customers the financial support, tools and advice they need when they need it. The newly expanded Capital One 360 Cafés are located in New York, Boston, Chicago, Philadelphia, San Francisco and St. Cloud.
“We’re always looking to deliver an exceptional Customer experience and expanding our relationship with Peet’s in our 360 Cafés is one more way we’re doing that,” said Jim Kelly, Head of Direct Banking, Capital One. “With Peet’s, we’re playing to everyone’s strengths – adding the expertise of Peet’s baristas will allow our 360 Associates to focus on providing customers with great service and advice, helping them save time and money.”
Capital One 360 Cafés bring banking and living together by offering a space where Customers can recharge their bank accounts, their devices and their lives, try out digital and financial tools all while savoring a great cup of Peet’s. They also serve as a community hub, bringing people together for events and education, with free meeting space for non-profit groups, financial literacy seminars and savings events, and local consumer events.
The 360 Cafés have been serving Peet’s drip and espresso coffee for more than a decade, since the first one opened in New York City in 2001. With this expanded relationship, Peet’s full-service stores will be in 360 Cafés in the coming months. Peet’s will also offer tea, bagged coffee, artistan baked items, fresh food as well as other merchandise. Since Peet’s opened its first store in Berkeley, Calif. in 1966, the company has been dedicated to crafting the highest quality, hand roasted coffee using the world’s best coffee beans, and maintaining a strict standard of freshness.
“Our expanded relationship with Capital One 360 further highlights our strong commitment to bring Peet’s premium, quality coffee to more neighborhoods across the U.S.,” said Dave Burwick, President and CEO of Peet’s Coffee & Tea. “With a dedication to fresh, hand-roasted coffee and hand-crafted beverages, we’re working together with Capital One to give customers a more unique, personal experience in 360 Cafés that they will appreciate.”
To further enhance the experience, Customers will receive 50% off any Peet’s beverage when they use their Capital One debit or credit card.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company headquartered in McLean, Virginia. Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index. Capital One’s subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $206.9 billion in deposits and $289.9 billion in total assets as of September 30, 2013. Capital One, N.A. has more than 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. Capital One 360 is a division of Capital One, N.A.
About Peet’s Coffee & Tea
Peet’s Coffee & Tea, Inc. is the premier specialty coffee and tea company in the United States. The company was founded in 1966 in Berkeley, Calif. by Alfred Peet. Peet was an early tea authority who later became widely recognized as the grandfather of specialty coffee in the U.S. Today, Peet’s Coffee & Tea offers superior quality coffees and teas in multiple forms, by sourcing the best quality coffee beans and tea leaves in the world, adhering to strict high-quality and taste standards, and controlling product quality through its unique direct store delivery selling and merchandising system. Peet’s is committed to strategically growing its business through many channels while maintaining the extraordinary quality of its coffees and teas.
For more information about Peet’s Coffee & Tea, Inc., visit www.peets.com. Connect with Peet’s on Facebook at www.facebook.com/peets, on Twitter at twitter.com/peets_tweets and on Instagram at instagram.com/peetscoffee.