Stockholders to Vote on Capital One's Acquisition of North Fork
MCLEAN, Va. and Melville, N.Y., July 7 /PRNewswire-FirstCall/ -- Capital
One Financial Corporation (NYSE: COF) and North Fork Bancorporation, Inc.
(NYSE: NFB) today announced the date and record date for the special meeting
of stockholders of Capital One and the annual meeting of North Fork
stockholders to consider and vote upon a proposal to approve an agreement and
plan of merger between Capital One and North Fork pursuant to which North Fork
will merge with and into Capital One.
In addition to the proposal to approve the agreement and plan of merger
between Capital One and North Fork, at the North Fork annual meeting, North
Fork stockholders will also vote on the proposal to elect five directors to
Class 1 of North Fork's board of directors and the proposal to ratify the
appointment of KPMG as North Fork's independent auditors for 2006. Both the
Capital One special meeting and the North Fork annual meeting are scheduled
for August 22, 2006 at 10:00 a.m., and the record date for each meeting is
July 7, 2006.
ADDITIONAL INFORMATION ABOUT THIS TRANSACTION
In connection with the proposed merger of Capital One and North Fork,
Capital One has filed with the Securities and Exchange Commission (the "SEC")
a Registration Statement on Form S-4 that includes a joint proxy statement of
Capital One and North Fork that also constitutes a prospectus of Capital One.
Capital One and North Fork will mail the definitive joint proxy
statement/prospectus to their respective stockholders. Investors and security
holders are urged to read the joint proxy statement/prospectus regarding the
proposed merger when it becomes available because it will contain important
information. You may obtain a free copy of the joint proxy
statement/prospectus (when available) and other related documents filed by
Capital One and North Fork with the SEC at the SEC's website at
http://www.sec.gov. The joint proxy statement/prospectus (when available) and
the other documents may also be obtained for free by accessing Capital One's
website at http://www.capitalone.com under the heading "Investors" and then
under the heading "SEC & Regulatory Filings" or by accessing North Fork's
website at http://www.northforkbank.com under the tab "Investor Relations" and
then under the heading "SEC Filings."
PARTICIPANTS IN THE CAPITAL ONE - NORTH FORK TRANSACTION
Capital One, North Fork and their respective directors, executive officers
and certain other members of management and employees may be soliciting
proxies from stockholders in favor of the merger. Information regarding the
persons who may, under the rules of the SEC, be considered participants in the
solicitation of the stockholders in connection with the proposed merger is set
forth in the joint proxy statement/prospectus filed with the SEC. You can
find information about Capital One's executive officers and directors in
Capital One's definitive proxy statement filed with the SEC on March 23, 2006.
You can find information about North Fork's executive officers and directors
in North Fork's Form 10-K/A filed with the SEC on April 28, 2006. You can
obtain free copies of these documents from Capital One or North Fork using the
contact information below.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation
(http://www.capitalone.com) is a financial holding company, with more than 316
locations in Texas and Louisiana. Its principal subsidiaries, Capital One
Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Capital One,
N.A., offer a broad spectrum of financial products and services to consumers,
small businesses and commercial clients. Capital One's subsidiaries
collectively had $47.8 billion in deposits and $103.9 billion in managed loans
outstanding as of March 31, 2006. Capital One, a Fortune 500 company, trades
on the New York Stock Exchange under the symbol "COF" and is included in the
S&P 500 index.
About North Fork
North Fork Bancorporation, Inc. is a regional bank holding company
headquartered in New York with approximately $58 billion in assets conducting
commercial and retail banking from branch locations in the Tri-State area with
a complementary national mortgage banking business. North Fork trades on the
New York Stock Exchange under the symbol "NFB."
CONTACT: Mike Rowen, Investors, of Capital One Financial Corporation,
+1-703-720-2455; or Dan Healy, Investors, of North Fork Bancorporation, Inc.,
+1-631-531-2058.
SOURCE Capital One Financial Corporation; North Fork Bancorporation, Inc.
CONTACT: Mike Rowen, Investors, +1-703-720-2455, or Julie Rakes, Media,
+1-804-284-5800, both of Capital One Financial Corporation; or Dan Healy,
Investors, of North Fork Bancorporation, Inc., +1-631-531-2058
