Experienced Leader Will Oversee Branch Activities in New York, New Jersey and Connecticut

McLean, Va. (August 11, 2009) – Capital One Bank announced today the appointment of Ricky Otey as the bank’s Northeast Region Market Executive. In this newly created leadership role within the Capital One’s Branch Distribution team, Otey will focus on national sales delivery, customer experience, distribution strategy and business analysis for New York, New Jersey and Connecticut.

“We continuously look for ways to refine our organization to ensure that we are providing best in class service to our customers, while maintaining business efficiencies,” said James Jackson, Capital One Bank Head of Branch Distribution. “Ricky Otey is an experienced and dedicated banker and I am confident that under his leadership we will continue to provide our customers with world-class support and leverage unique market opportunities alignment that will help drive our growth and profitability.”

An experienced banker and a leader within the organization, Otey previously served as Texas State President for Capital One Bank. In this role, he led the Bank's community and philanthropic commitments and coordinated the Bank’s efforts to meet the unique needs of customers and communities it serves in Texas. Prior to this position, Otey was President of Capital One Bank in Texas where he was responsible for branch operations at the more than 170 branches in the state. In this role he focused on continuously improving the Capital One Bank customer experience, growing revenue and leveraging market opportunities and was also responsible for the successful branch transformation from Hibernia Bank to the Capital One branches. Otey previously served as Capital One Bank’s Central Texas regional chair. Before joining the bank in June 2006, Otey served as both regional director and retail bank director at Wachovia Bank in Richmond, Va., and in Virginia Beach, Va. At Wachovia he was responsible for more than 85 banking centers and more than $6 billion in loans and deposits.

“Ricky’s knowledge and experience with Capital One Bank customers and the dedication he has demonstrated during his tenure will help us deliver high quality experiences to every customer in the Northeast region,” said Jackson.

As Northeast Market Executive, Otey joins a network of two additional leaders: Don Barnes, South Central Market Executive overseeing Louisiana and Texas and Denise Pope, Mid Atlantic Market Executive overseeing Maryland, Virginia and Washington, DC.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N. A., had $116.7 billion in deposits and $146.3 billion in managed loans outstanding as of June 30, 2009. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. 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 Bank is a registered trade name of Capital One, N.A.

Contact: Diana Don 212.580.0161
diana.don@capitalone.com