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Capital One Named One of FORTUNE Magazine's 100 Best Companies to Work For

Recognized for flexibility and unique, innovative culture

MCLEAN, Va.--(BUSINESS WIRE)--Jan. 8, 2007--Today, Capital One Financial Corporation (NYSE:COF) has been named one of the "100 Best Companies to Work For" by FORTUNE Magazine. Capital One was recognized for the broad range of programs and policies that promote a positive associate experience. For example, its Future of Work (FOW) Program that provides flexibility in space, technology and tools for associates to work where and when they need; company-wide support for associates in times of crisis like Hurricanes Katrina and Rita; opportunities to volunteer and give back to the community; and its innovative use of different learning channels for career development like the Audio Learning Program.

"We are very honored by this award - and it has been earned by our associates. Competitors can offer products we offer in this day and age," says Matt Schuyler, Chief Human Resources Officer, "but we believe our people and our values really make the difference. From the beginning, we have refined and adapted our programs and services based on associate feedback. We provide a great work environment that enables our people to deliver excellence everyday."

The FORTUNE Magazine list ranks Capital One at number 84 among the top 100 companies and 29 of the 39 large employers (10,000 employees or more). Capital One is one of 7 Virginia-based companies to make the list.

"The 100 Best Companies to Work For" list is compiled for FORTUNE by Robert Levering and Milton Moskowitz of the Great Place to Work Institute in San Francisco, based on two criteria: an evaluation of the policies and culture of each company, and the opinions of the company's employees.

The complete list and related stories appear in the January 22 issue of FORTUNE, available on newsstands January 15 and at www.fortune.com on January 8.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company, with more than 693 locations in New York, New Jersey, Connecticut, Texas and Louisiana that offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. As of September 30, 2006, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Capital One, N.A. collectively had $112.2 billion in managed loans and $47.6 billion in deposits. Its newly acquired subsidiary, North Fork Bank, had $40.9 billion in managed loans and $36.5 billion in deposits. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

CONTACT: Capital One Financial Corporation, McLean
Lahne Mattas-Curry, 703-720-2358
lahne.mattas-curry@capitalone.com

SOURCE: Capital One Financial Corporation