Capital One/Junior Achievement Mobile Finance Park Gives Financial
Literacy Lessons to Local Middle School Students
SAN ANTONIO--(BUSINESS WIRE)--May 8, 2008--Capital One Financial
Corporation (NYSE:COF) and Junior Achievement have brought Finance
Park(TM), an innovative mobile financial education program, to San
Antonio for the first time.
The program will teach basic money-management skills to nearly
1,000 middle-school students from the San Antonio Independent School
District. The program runs May 1 through June 3 at the Alamo Stadium
This unique, award-winning program begins with four weeks of
intensive in-classroom financial education lessons developed by Junior
Achievement. Students then have the opportunity to put their newly
learned money management skills to the test in a high-tech learning
lab. This innovative learning environment, called Capital One/Junior
Achievement Finance Park(TM), houses a mock city where students can
experience the challenges of making real-life financial decisions.
While at Capital One/Junior Achievement Finance Park(TM), the
students are assigned fictional jobs, incomes, families and expenses.
They are then expected to develop and stick to appropriate budgets.
Students are faced with real-life decisions about housing,
furnishings, investments, food, entertainment, phone, cable, savings,
and charitable contributions - all of the decisions they will
ultimately make upon entering adulthood. More than 100 Capital One
Bank associates will mentor the students along their financial journey
at the park.
"Basic money-management skills are crucial building blocks for
economic self-sufficiency, yet research shows that many students are
unable to effectively manage their finances when they graduate from
high school," said Joe Burke, President, Junior Achievement of South
Texas. "The hands-on financial education provided at Capital
One/Junior Achievement Finance Park(TM) helps students succeed now and
as adults by giving them practical money management skills. We are
thrilled to have Capital One/Junior Achievement Finance Park(TM) in
The first Capital One/Junior Achievement Finance Park(TM) began as
a pilot in October 2006, in McLean, Va. The pilot was such a
resounding success that the two organizations have since expanded the
initiative to nine markets serving more than 12,000 middle-school
students through 2008. The Finance Park curriculum aligns with state
learning standards and helps teachers meet requirements for personal
financial education needed for high school graduation in Texas.
"I think it's critical for our students to be financially
literate," said Dr. Robert Duron, Superintendent, San Antonio
Independent School District. "Capital One/Junior Achievement Finance
Park(TM) not only teaches these skills, but also helps students
connect education to future earning power. I would like to thank
Capital One and Junior Achievement for providing our schools the
opportunity to participate."
"Our investment in Capital One/Junior Achievement Finance Park(TM)
is more than just doing the right thing; it teaches students important
skills that they can use for the rest of their lives," said Ricky
Otey, president, Capital One Bank-Texas, which operates approximately
17 full-service branches in Central Texas. "Our associates who
volunteer at Finance Park are able to play a key role in encouraging
financial literacy and economic opportunity. This is a unique and
creative way to help youngsters become financially literate."
Please contact Steven Thorpe at 504-533-2753 for more information
or to schedule a tour.
WHEN: May 1 through June 6, 2008
WHERE: Alamo Stadium Convocation Center, 110 Tuleta Dr., San
Antonio, Tx. 78207
About Junior Achievement of South Texas
Junior Achievement of South Texas inspires and prepares young
people to succeed in a global economy. JA's curriculum aligns with
Texas education standards, provides a positive business role model,
and forms an effective bridge between business and education.
JA programs have proven to be successful at raising students'
educational and career aspirations and teaching students to create
opportunities to achieve their goals. By pairing community volunteers
with professional educators in classrooms throughout South Texas, our
offices in San Antonio, Corpus Christi, and Laredo will bring economic
education programming to approximately 62,000 students during the
2007-2008 school year.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries collectively had $87.7
billion in deposits and $148.0 billion in managed loans outstanding as
of March 31, 2008. Headquartered in McLean, Va., Capital One has 745
locations in New York, New Jersey, Connecticut, Texas and Louisiana.
It is a diversified bank whose principal subsidiaries, Capital One,
N.A., Capital One Bank (USA), N. A., and Capital One Auto Finance,
Inc., offer a broad spectrum of financial products and services to
consumers, small businesses and commercial clients. 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.
CONTACT: Capital One Financial Corporation
Steven Thorpe, 504-533-2753
Junior Achievement of South Texas
Joe Burke, Executive Director
210-490-2007 X 112
SOURCE: Capital One Financial Corporation