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Capital One Names Susan McFarland Corporate Controller

March 17, 2004 at 3:01 PM EST

MCLEAN, Va., March 17 /PRNewswire-FirstCall/ -- Capital One Financial Corporation (NYSE: COF) today announced that Susan R. McFarland has been named to the post of Corporate Controller, reporting to Chief Financial Officer Gary L. Perlin.

In her new role, McFarland will be responsible for overseeing corporate accounting and reporting functions for the company, as well as corporate tax and the financial control environment. In her previous two years at Capital One, McFarland has been serving as CFO for Capital One's largest business line, US Card, and has provided support to the company's various corporate infrastructure groups including IT and Human Resources.

"Susan's experience within the company and in the industry has proven a valuable asset to our financial management team," said Perlin. "We look forward to her continued leadership as Controller."

McFarland is a CPA and joined Capital One after a sixteen-year career with Bank One where she served in a number of key roles, including Controller of Bank One Houston followed by CFO positions supporting national functions ranging from operations to retail banking. Prior to her work at Bank One McFarland spent three years as a senior auditor with Deloitte & Touche.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a holding company whose principal subsidiaries include: Capital One Bank and Capital One, F.S.B., which offer consumer lending products, and Capital One Auto Finance, Inc., which offers primarily automobile financing products. Capital One's subsidiaries collectively had 47.0 million managed accounts and $71.2 billion in managed loans outstanding as of December 31, 2003. Capital One, a Fortune 500 company, is one of 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.

SOURCE Capital One Financial Corporation

CONTACT: Paul Paquin, V.P., Investor Relations, +1-703-720-2456, or Tatiana Stead, Director, Corporate Media, +1-703-720-2352, both of Capital One Financial Corporation