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Capital One Recognized as Top Company for Diversity

April 1, 2009 at 8:01 AM EDT
Capital One ranks #25 on DiversityInc Magazine's 2009 Top 50 Companies for Diversity(R) list

MCLEAN, Va.--(BUSINESS WIRE)--Apr. 1, 2009-- Capital One Financial Corporation (NYSE: COF) is proud to be recognized by DiversityInc magazine as one of the nation’s Top 50 Companies for Diversity®.

The annual DiversityInc Top 50 Companies for Diversity® competition, now in its ninth year, is the largest ranking of its kind. Through a comprehensive survey of corporate diversity management, companies are selected for demonstrating consistent strength in diversity-related efforts across four key categories: CEO commitment, human capital, corporate and organizational communications, and supplier diversity.

“Receiving this recognition from DiversityInc is an honor and a testament to Capital One's commitment to provide an inclusive environment that values and supports diversity," said Matt Schuyler, Chief Human Resources Officer at Capital One. "Having a diverse range of talents, perspectives, backgrounds and experiences is an invaluable asset for our business and enables us to better serve our customers and communities."

Capital One has implemented a broad range of initiatives to drive diversity across the company, including:

  • Providing unique mentoring and leadership opportunities through five Associate Networks
  • Enabling community leadership and engagement through more than 70,000 volunteer hours in 2008
  • Supporting diversity strategies at the department level through 12 formal Diversity Councils
  • Mentoring for women- and minority-owned businesses through a Supplier Diversity program
  • Offering innovative Flexible Work Solutions that support different work styles and enable work-life integration

"At Capital One, we strive to provide a culture where every associate feels valued, supported and connected, so that every associate can contribute to the success of our company," said Rob Keeling, Vice President of Diversity at Capital One. “Our commitment to diversity and inclusion extends out into the communities we serve, where our associates are actively engaged through volunteering and mentoring in diverse organizations.”

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N.A., collectively had $109 billion in deposits and $210 billion in total managed assets as of December 31, 2008. In addition, Capital One's newly acquired subsidiary, Chevy Chase Bank, F.S.B., had more than $16 billion in total managed assets and $13 billion in deposits as of December 31, 2008. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. and Chevy Chase Bank, F.S.B. have approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

About DiversityInc

With a monthly business magazine and a daily news web site, DiversityInc is the leading print and online news source covering corporate diversity. DiversityInc was launched in 1997. Please visit www.DiversityInc.com for more information.

Source: Capital One Financial Corporation

Capital One Financial Corporation
Shelley Solheim, 804-284-9366
shelley.solheim@capitalone.com