Veteran Banker Rick Lyon Tapped to Lead Business
NEW YORK, Mar 20, 2008 (BUSINESS WIRE) -- Capital One Financial Corporation (NYSE:COF) announced an
expansion of its Commercial Real Estate Banking business naming
veteran banker Richard, (Rick) Lyon as Senior Vice President of
Commercial Real Estate Banking.
As the head of Commercial Real Estate Banking, Lyon will lead one
of the core business units of Capital One's Commercial Banking
division. Lyon will actively manage and strategically grow the
company's commercial real estate activities, providing financial
services to the real estate development and investment community
across the Capital One Bank footprint. In this role, Lyon will report
directly to Michael C. Slocum, Capital One's Executive Vice President
of Commercial Banking.
A 30-year banking veteran, Lyon joins Capital One from Wachovia
where he led the company's real estate banking efforts in the
Northeast region of the U.S., which included offices from Boston to
Washington, DC. Under Lyon's direction, Wachovia more than doubled its
business by establishing new offices in Boston and New York. A
seasoned and successful leader, Lyon led numerous real estate,
corporate and middle market banking groups throughout his career at
Capital One also announced the addition of a new Boston-based
Commercial Real Estate Banking group dedicated to servicing real
estate firms in the New England market. A veteran team of six
commercial real estate professionals joined Capital One from Wachovia,
where they worked together for more than 15 years. The new
Boston-based team includes: Market Manager Peter Chow; Senior
Relationship Managers Lein Tung and Josh Howes; Relationship Manager
Laura Cohen; and Senior Underwriters Peter Leahy and Filomena
"With a wealth of local market knowledge, a proven track record
and a keen focus on meeting client needs, Rick and his new Boston team
are a great addition to Capital One and they will be a tremendous
resource for our commercial real estate clients," said Michael C.
Slocum, Executive Vice President of Commercial Banking, Capital One.
"These additions underline Capital One's commitment to business
banking and we are well positioned for continued expansion and growth
in the market."
The Boston team, along with existing teams in New York, New
Jersey, Louisiana and Texas, will report to Lyon. Lyon will be based
in New York.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries collectively had $83.0
billion in deposits and $151.4 billion in managed loans outstanding as
of December 31, 2007. Headquartered in McLean, VA, Capital One has 742
locations in New York, New Jersey, Connecticut, Texas and Louisiana.
It is a diversified financial services company whose principal
subsidiaries, Capital One, N.A., Capital One Bank (USA), N. A., and
Capital One Auto Finance, Inc., offer a broad spectrum of financial
products and services to consumers, small businesses and commercial
clients. 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
SOURCE: Capital One Financial Corporation
Capital One Financial Corporation
Diana Don, 703-720-2371