FALLS CHURCH, Va., March 13 /PRNewswire/ -- Eric Davis, formerly Senior Information Officer and Operating Executive at First USA Bank, joined Capital One as Vice President of IT Service Delivery. Davis will be responsible for managing Capital One's computer infrastructure and telecommunications networks. Davis has over 15 years experience in the design, development and management of leading edge MIS/EIS, Internet, information management, networking, client/server, and telecommunications technologies at some of the country's top companies.

Marge Connelly, Capital One's Senior Vice President of Operations said, "Service Delivery forms the backbone of our organization. Everything we do today depends upon a solid technology infrastructure. It will be Eric's job to lead Service Delivery to continue to achieve superior levels of excellence and add value to the organization as a whole. I am very excited about Eric joining us and have every confidence that with the knowledge and experience he brings to our fast-paced organization he will make a great impact."

Capital One is ranked by Computerworld as the 13th best place to work in IT in the country. It is Capital One's ability to remain at the cutting edge of technology through state of the art innovation, strong IT leadership, and partnership with the business that has enabled it to be a leading employer of IT talent.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (NYSE: COF) (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 23.7 million accounts and $20.2 billion in managed loans outstanding as of December 31, 1999, and are among 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. For the second consecutive year, Fortune magazine named Capital One to its list of the "Best Places to Work in the US." SOURCE Capital One Financial Corporation

CONTACT: Mark Andrews of Capital One Financial Corporation, 804-934-5457 or mark.andrews@capitalone.com/