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Capital One Ranks as One of the Best in Training and Developing its Employees

February 26, 2002 at 2:08 PM EST
FALLS CHURCH, Va., Feb 26, 2002 /PRNewswire via COMTEX/ -- For the second year in a row, Capital One Financial Corporation (NYSE: COF) ranked as one of the best companies in America for training and developing its employees according to Training magazine's listing of the Training Top 100. Capital One ranked second this year after topping the list in 2001. This honor comes on the heels of Capital One's fourth consecutive year in Fortune's listing of the "100 Best Companies to Work for in America."

"In large measure, we owe our success at Capital One to our ability to hire talented people, give them challenging work in an entrepreneurial environment, and constantly push them to reach beyond their limits," said Dennis Liberson, Executive Vice President for Human Resources.

The Training Top 100 ranks companies according to their level of investment in workforce development. The ranking is determined by assessing a range of qualitative and quantitative data including financial investment in employee development, the type and scope of training and development programs provided to employees, the quality of these programs and how closely such development efforts are linked to business goals and objectives.

"Even in these less-than-stellar economic times, Capital One is among those select companies that has raised the bar with its training initiatives," said Tammy Galvin, executive editor of Training magazine. "Capital One has embraced training and workforce development as a mission-critical strategy, and accordingly, has dedicated significant resources to its training efforts."

Capital One employs more than 20,000 associates worldwide. Among the programs that differentiate the company from other employers are the associate selection process; a number of ongoing training and development courses; outstanding benefits, including three weeks vacation; and performance-driven entrepreneurial compensation.

Capital One has operations in Richmond, Fredericksburg and Falls Church, Virginia; Dallas, Fort Worth and Plano, Texas; Tampa, Florida; Federal Way, Washington; Boise, Idaho; San Francisco, California; and Boston, Massachusetts; as well as London and Nottingham, United Kingdom and Paris, France.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (http://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 43.8 million customers and $45.3 billion in managed loans outstanding as of December 31, 2001. 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.

(Note: For a profile on Capital One and the other top five companies in Training magazine's Top 100, as well as a complete ranking, visit http://www.trainingmag.com )

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SOURCE Capital One Financial Corporation

CONTACT:          Hamilton Holloway, Corporate Media, of Capital One Financial
                  Corporation, +1-804-934-5900, or hamilton.holloway@capitalone.com

URL:              http://www.capitalone.com
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