FALLS CHURCH, Va., Oct. 17 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of 2 2/3 cents per share payable November 20, 2000 to stockholders of record as of November 8, 2000. This is the Company's twenty-third consecutive quarterly dividend since it became an independent company on February 28, 1995. Dividends declared by the Company are eligible for direct reinvestment in the Company's common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional plan information, stockholders should contact First Chicago Trust Company, a division of Equiserve, at 800-446-2617.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (www.CapitalOne.com) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 29.4 million customers and $24.2 billion in managed loans outstanding as of September 30, 2000. Capital One is one of the major financial service providers on the Internet, with online account decisioning, real-time account numbering, online retail deposits and a growing number of customers serviced on-line. Capital One is a FORTUNE 500 company that trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index. SOURCE Capital One Financial Corporation

CONTACT: Paul Paquin, V.P., Investor Relations, 703-205-1039 or Sam Wang, Director, Media Relations, 703-205-1180, both of Capital One Financial Corporation/