Capital One Earns Place On FORTUNE 500
FALLS CHURCH, Va., April 14 /PRNewswire/ -- With revenues totaling almost $4 billion, Capital One Financial Corporation (NYSE: COF) ranked 405 on Fortune magazine's FORTUNE 500 list. The single measure of revenues determines the Fortune rankings. Additionally, Capital One ranked 13 in Fortune's ranking of the fastest growing companies (revenues) over the last five years.
"Capital One has set records across the board for our financial performance since our initial public offering five years ago. We continue to innovate our business strategy to drive record revenues for our shareholders," said Richard D. Fairbank, Chairman and Chief Executive Officer. "This ranking is one more testament that our Information-Based Strategy is propelling Capital One into an elite listing of American companies that are successfully competing in the global economy. We are proud to be included in the FORTUNE 500 -- a leading benchmark of how companies are judged around the world."
Nigel Morris, President and Chief Operating Officer, added, "Capital One is building a tremendous customer franchise. We are attracting thousands of new customers every day to our 25 million base because we provide world-class customer service and products through traditional and online channels."
Also, for the second year in a row, Capital One ranked on the list of "100 Best Companies to Work for in America" as reported by Fortune Magazine in January 2000. Capital One has operations in Richmond, Fredericksburg and Falls Church, Virginia; Dallas, Fort Worth and Plano, Texas; Tampa, Florida; Federal Way, Washington; Boise, Idaho; and Boston, Massachusetts; as well as London and Nottingham, United Kingdom.
Headquartered in Falls Church, 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 25.3 million accounts and $20.3 billion in managed loans outstanding as of March 31, 2000. Capital One is one of the major financial services providers on the Internet, with on-line account decisioning, real-time account numbering, on-line retail deposits and a growing number of customers serviced online. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index. Capital One was also ranked by Business Week as one of the Top 50 Best Performers of the Standard & Poor's 500 companies index from March 1, 1999 to March 1, 2000 (March 27, 2000 issue). SOURCE Capital One Financial Corporation
/NOTE TO EDITORS: The FORTUNE 500 list is featured in Fortune's April 17 issue. Information is currently available on www.fortune.com./
CONTACT: Diana Don of Capital One, 703-289-6815, or email: Diana.Don@CapitalOne.com/