Don Barnes to Lead Regional Branch Distribution Veteran Banker Kent Eastman appointed as Texas State President

McLean, Va. (August 11, 2009) – Capital One Bank announced today new additions to its South Central Market leadership team, including the appointment of bank veteran, Don Barnes as South Central Market Executive. In this newly created role within Capital One’s Branch Distribution team, Barnes will focus on national sales delivery, customer experience, distribution strategy and business analysis for Texas and Louisiana.

Capital One also announced that Ricky Otey, former Texas State President and executive responsible for branch distribution in Texas, will assume the role of Northeast Market Executive for the Bank, leading branch distribution activities New York, New Jersey and Connecticut.

“We continuously look for ways to refine our banking organization to ensure that we are providing best-in-class service to our customers,” said James Jackson, Capital One Bank Head of Branch Distribution. “We have an incredibly talented and motivated team across our branch banking network. These new positions will create consistency across the organization and help us achieve business and operational efficiencies and, at the same time, ensure that we are maintaining our community focus and commitment to local banking needs.”

Before his appointment to South Central Market Executive, Don Barnes was a Louisiana Branch and Business Banking Executive and Executive Vice President for more than 200 Capital One Bank branches in the state. Barnes joined Capital One in 2007, bringing 20 years of experience with Bank One and Chase.

“Don will play a pivotal role in our ongoing efforts to meet the needs of our customers in the South Central Market,” Jackson added. “He is a seasoned banker and well-respected leader, and I am confident that he will continue to make our customer-centric approach to local banking job one and, at the same time, leverage the unique market opportunities and business alignment that will help position us for future growth.”

Kent Eastman appointed Texas State President

Replacing Otey as Texas State President is Kent Eastman, former Market President of Dallas/Fort Worth and Executive Vice President, Commercial Banking, Capital One Bank. In his previous role, Eastman oversaw the bank’s community resources and activities designed to help meet the needs of the local Dallas/Fort Worth community, including philanthropy, volunteerism and community banking products and services. He also served as the Commercial Banking lead in North Texas, managing a regional group of commercial bankers that partner with major companies throughout the region on significant commercial development and economic opportunities. Eastman joined Capital One Bank in 1994, and brings more than 28 years of banking and management experience; in addition, he has a longstanding connection to the North Texas community. Eastman is an active member of several community groups, serving on the board of directors for the United Way of Metropolitan Dallas, the Dallas Regional Chamber of Commerce, Downtown Dallas, and the YMCA of Metropolitan Dallas. He also is a member of the Dallas Citizens Council.

“Kent’s commitment and dedication to our customers across the state of Texas made him a natural choice to serve as the new Texas State President,” said Lynn Pike, President of Capital One Bank. “Capital One is a relationship and customer focused bank and with his strong ties to the local community, I am confident that Kent will continue to help us fully meet our goals to leverage unique market opportunities while ensuring that we are making meaningful contributions to the local communities we serve.”

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: Stephen Schooff 972.295.1676
stephen.schooff@capitalone.com