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Capital One Renews Commitment to Kids Cafes; Grant Provides Meals for 6,000 Children a Day

FALLS CHURCH, Va., May 17 /PRNewswire/ -- Capital One announced today that it will provide $535,000 to support America's Second Harvest Food Bank Network. The grant will be used to support Second Harvest's Kids Cafes programs in Capital One's locales across the country. Kids Cafes are among the nation's largest free meal service programs for children.

"Capital One is committed to helping children in our communities find a positive start in life," said Nigel Morris, president and chief operating office. "In 2000, Capital One's efforts ensured that more than 6,000 children enjoyed healthy meals each day in 93 Kids Cafes across the country. We passionately believe our continued investment will help at-risk youth enjoy a stronger and healthier beginning and therefore a more promising future."

Capital One's contribution will benefit the America's Second Harvest Food Banks in each of the following sites: Dallas/Ft. Worth, Texas; Tampa, Florida; Fredericksburg and Richmond, Virginia; Boise, Idaho and metropolitan Washington, D.C.

"Just last year more than 10,000 of our associates provided more than 50,000 hours of community service across all of our locations world-wide -- and we will easily surpass those numbers this year," Morris said. "We empower our associates to do their jobs and to express themselves through their community work. Whether helping with developing reading skills or developing work force skills, our associates are passionate about meeting the needs of our communities."

"Capital One is proud of our partnership with both the North Texas and Tarrant Area Food Banks. Locally, our Food Banks partner with youth serving agencies in the Metroplex to operate 22 Capital One sponsored Kids Cafes. Our commitment to helping the Dallas/Fort Worth communities goes far beyond just a financial contribution. It is our desire to make a measurable and meaningful difference in the lives of school aged children that has helped propel the success of Capital One sponsored Kids Cafes," said Monica Reyes, Capital One Community Relations Manager.

Capital One's 2001 local donation of $105,000 to the North Texas Food Bank and $107,000 to the Tarrant Area Food Bank fund 22 Capital One Sponsored Kids Cafes in the Metroplex. Since 1997, Capital One has contributed $712,000 to the two Food Banks in support of Kids Cafes. Throughout DFW, Capital One sponsored Kids Cafes serve more than 6,000 meals per month.

Kids Cafes seek to provide not only nutritious snacks to at-risk income- eligible children, but also educational and cultural experiences, such as computer training and trips to local museums. For more information about America's Second Harvest or the Kids Cafes program, go to http://www.secondharvest.org/childhunger/kidscafe.html .

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (http://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 36.5 million customers and $31.6 billion in managed loans outstanding as of March 31, 2001. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

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SOURCE Capital One Financial Corporation

CONTACT: Hamilton Holloway, Corporate Communications, of Capital One Financial Corporation, 804-934-5900, or hamilton.holloway@capitalone.com/