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Capital One Donates $151,000 to Support the American Red Cross

May 27, 1999 at 11:57 AM EDT
  FALLS CHURCH, Va., May 27 /PRNewswire/ -- Capital One Services, Inc.,
announced today a $151,000 donation to the American Red Cross to support its
relief efforts around the world. Capital One designated $101,000 to the
International Response Fund aiding refugees from Kosovo and $50,000 to the
Tornado Relief Fund aiding victims of the tornadoes that swept through
Oklahoma and Texas.
    "The donation to the Red Cross was driven by our 12,000 associates. Many
of them approached us and wanted Capital One to help," said Capital One
President and Chief Operating Officer Nigel Morris. "We have watched what was
happening in the world with much dismay, and thanks to our success we are in a
position where we are able to offer assistance. We hope our contribution goes
a long way in helping those in need."
    The funds designated for the International Response Fund will be used to
purchase two trucks that will be used to transport supplies for the Kosovar
refugees and to send a Red Cross volunteer to the region for three months.
Funds designated to aid the tornado victims will be used to help recovery
efforts for the people who were so hard hit by the storms.
    "We are grateful to Capital One for this generous contribution," said
American Red Cross Vice President for International Services Jose Aponte.
"Donations like this enable the Red Cross to be there for people who need our
help here in the United States and half-way around the world. Thanks to
neighbors like Capital One, the Red Cross is reaching people with the care,
comfort and resources they need."
    With an active Volunteer Organization, Capital One's philanthropic mission
is to partner with organizations that make the most impact in their
communities. Headquartered in Falls Church, Va., Capital One Financial
Corporation ( 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 18.0 million customers
and $17.4 billion in managed loans as of March 31, 1999. Capital One trades on
the New York Stock Exchange under the symbol "COF" and employs more than
12,000 associates in Virginia, Texas, Florida, Washington, Idaho and
Massachusetts, as well as London and Nottingham, United Kingdom.
    The American Red Cross is dedicated to helping make families and
communities safer at home and around the world. A volunteer-led humanitarian
service organization, the American Red Cross annually provides almost half the
nation's blood supply, trains more than 11.7 million people in vital
lifesaving skills, mobilizes relief to victims in more than 60,000 disasters
nationwide, provides direct health services to 2.8 million people, assists
international disaster and conflict victims in nearly 30 countries, and
transmits more than 1.4 million emergency messages to members of the U.S.
Armed Forces and their families.

SOURCE  Capital One Financial Corporation