MCLEAN, Va.--(BUSINESS WIRE)--Oct. 31, 2012--
Capital One today announced a $1 million commitment to support Hurricane
Sandy relief efforts. Capital One’s cash contributions include $200,000
in emergency relief grants and an additional $600,000 to support
longer-term recovery efforts and will also match up to $200,000 in
contributions made by customers through the Capital One No Hassle Giving
site.
Capital One’s commitment includes $200,000 in emergency relief grants to
national and local organizations providing immediate on the ground
support for relief efforts. The organizations receiving assistance from
Capital One include AmeriCares, Global Giving, local NY, NJ and Delaware
Red Cross chapters, the Virginia Disaster Relief Fund and the Community
Foundation of the National Capital Region.
Capital One will also provide $600,000 in grants to aid in the
longer-term recovery efforts in areas of New York and New Jersey that
were devastated by the storm. This will include support for local
organizations assisting families, communities and small businesses as
they work to rebuild from the devastation caused by this unprecedented
event.
“Capital One considers itself a part of many of the communities that
were hardest hit by this disaster. We are grateful to the first
responders who have put themselves in harm’s way and our thoughts are
with the individuals, families and communities who have been impacted by
the storm,” said Michael Slocum, Northeast Regional President, Capital
One Bank. “Local non-profits and community based organizations will be
providing critical assistance in the coming days, weeks and months, and
we are committed to do everything we can to help our customers and local
communities recover and rebuild from this devastating event.”
Working in partnership with local non-profit organizations, Capital One
associates will also assist in immediate and long-term recovery efforts,
through company-matched monetary contributions and donations to area
food banks, by providing disaster kits and other assistance to shelters
in impacted areas, and volunteer efforts to assist in local clean-up and
neighborhood rehabilitation.
Capital One also has assistance and support available to customers
affected by the storm and encourages customers who may be experiencing
unexpected financial challenges due to the storm to contact the company
with any questions or concerns. Capital One customers can call the
number on their cards or statements, or reach out to @askcapitalone on
Twitter.
Capital One also reminds its credit and debit cardholders that they can
contribute to Hurricane Sandy relief efforts by donating through the
Capital One No Hassle Giving Site (https://www.capitalone.com/give).
Launched in 2008 in partnership with Network for Good, the site allows
Capital One cardholders to donate cash or credit card rewards to more
than 1.2 million U.S. charities, including organizations supporting
disaster relief efforts. For all cardholder donations made through the
Giving Site, Capital One covers the transaction fees associated with
online transactions so that 100% of our cardholders’ donations get to
their charity of choice. Through November 9, 2012, Capital One will
match gifts made to the American Red Cross and Voluntary Organizations
Active in Disaster (VOAD) through the No Hassle Giving Site up to
$200,000.
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A., Capital One Bank (USA), N. A., and ING Bank, fsb, had $213.3
billion in deposits and $302.0 billion in total assets outstanding as of
September 30, 2012. Headquartered in McLean, Virginia, Capital One and
ING Direct offer a broad spectrum of financial products and services to
consumers, small businesses and commercial clients through a variety of
channels. 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.
Source: Capital One Financial Corporation
Capital One
Shelley Solheim, 917-589-6203
shelley.solheim@capitalone.com