MCLEAN, Va., May 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- Capital One Financial Corporation (NYSE: COF) announced today that Steve Linehan has been named Treasurer of Capital One.

In this role Linehan is responsible for Capital One's overall balance sheet management strategy and for coordinating its global funding and treasury operations across all lines of business. Additionally, Linehan manages relationships with the company's bank group and rating agencies as well as communications with the company's fixed income investors.

"This is well deserved recognition of the significant role Steve has been playing in leading the Treasury function over the past two years," said Capital One's Chief Financial Officer, Dave Lawson. "Steve's expertise, his depth of knowledge about the company, and the strong relationships he has with our investors will continue to serve Capital One well in the years ahead," Lawson added.

Linehan joined Capital One in 1997, where he began as Manager of Corporate Finance. Linehan was then promoted to Director of Corporate Funding in 1999, and in 2000 was named Vice President and Assistant Treasurer.

Prior to joining Capital One in 1997, Linehan spent eight years with the FDIC in Washington, D.C. where he served in a variety of roles as an Assistant Director, in both the Division of Resolutions and the Division of Insurance. Prior to his tenure at the FDIC, Linehan spent six years in the commercial banking and thrift industry primarily focused in the area of asset/liability management.

Linehan received his Bachelors Degree in Business Administration from the University of Notre Dame, and an MBA from Loyola College in Maryland.

Headquartered in McLean, 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 46.4 million managed accounts and $59.2 billion in managed loans outstanding as of March 31, 2003. 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.

SOURCE Capital One Financial Corporation

Paul Paquin, V.P., Investor Relations, +1-703-720-2456, or Tatiana Stead, Director, Corporate Media, +1-703-720-2352, both of Capital One Financial Corporation