Veteran Risk Officer to focus on Commercial Banking

MCLEAN, Va., Jan 24, 2007 (BUSINESS WIRE) -- Capital One Financial Corporation (NYSE:COF) today announced the appointment of Suzanne Hammett as Executive Vice President and Chief Commercial Credit Risk Officer. With more than 25 years of experience in banking and credit risk management, Hammett will work with John Bohlsen, EVP and Head of Commercial Banking, to help grow Capital One's commercial banking business while ensuring that the portfolio continues to meet Capital One's high credit standards.

Hammett will officially join Capital One on February 12, 2007 and will report directly to Chief Risk Officer Peter Schnall. Hammett will be responsible for monitoring and maintaining the policies, metrics and procedures that will support a sound and profitable commercial portfolio as the portfolio grows. She will also oversee the continuing integration of credit practices across Capital One's southern commercial banking franchise, the recently acquired North Fork franchise, and legacy Capital One.

"We are very pleased that Suzanne will be joining us. Her deep credit experience and knowledge will be a valuable asset as Capital One continues to expand in commercial banking," said John Kanas, President of Capital One's banking segment.

"Suzanne is a great addition to our team and brings a wealth of experience in merging and integrating risk management practices, policies and procedures. Her role at the bank exemplifies Capital One's across the board commitment to top-quality risk management," said Schnall.

Hammett spent more than 25 years in various line and staff leadership roles at J.P. Morgan Chase and its predecessor companies, Chase Manhattan and Chemical Bank. In her last position, she was Executive Vice President and Chief Credit Policy Officer and was responsible for formulating firm-wide credit policy and was the primary interface on credit issues with regulators, rating agencies, and the JPMC Board of Directors. In 2005, Hammett joined the Radian Group as Executive Vice President and Chief Risk Officer and was responsible for building a unified risk culture across the company's Mortgage Insurance and Financial Guaranty business units.

Hammett graduated from Wellesley College and completed the Harvard Management training Program for Senior Mangers.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company with more than 700 locations in New York, New Jersey, Connecticut, Texas and Louisiana, that offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., Capital One, N.A., and North Fork Bank collectively had $85.8 billion in deposits and $146.2 billion in managed loans outstanding as of December 31, 2006. Capital One, a Fortune 500 company, 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 Financial Corporation, McLean Tatiana Stead Corporate Communications 703-720-2352