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Capital One Renews Commitment to Kids Cafes in Richmond

May 17, 2001 at 2:54 PM EDT

FALLS CHURCH, Va., May 17 /PRNewswire/ -- Capital One announced today that it will provide $535,000 to support America's Second Harvest Food Bank Network. The grant will be used to support Second Harvest's Kids Cafes programs in Capital One's locales across the country. Kids Cafes are among the nation's largest free meal service programs for children.

"Capital One is committed to helping children in our communities find a positive start in life," said Nigel Morris, president and chief operating officer. "In 2000, Capital One's efforts ensured that more than 6,000 children enjoyed healthy meals each day in 93 Kids Cafes across the country. We passionately believe our continued investment will help at-risk youth enjoy a stronger and healthier beginning and therefore a more promising future."

Capital One's contribution will benefit the America's Second Harvest Food Banks in each of the following sites: Dallas/Ft. Worth, Texas; Tampa, Florida; Fredericksburg and Richmond, Virginia; Boise, Idaho and metropolitan Washington, D.C.

"Just last year more than 10,000 of our associates provided more than 50,000 hours of community service across all of our locations world-wide -- and we will easily surpass those numbers this year," Morris said. "We empower our associates to do their jobs and to express themselves through their community work. Whether helping with developing reading skills or developing work force skills, our associates are passionate about meeting the needs of our communities."

Faye Lohr, executive director of the Central Virginia Foodbank, said, "The Kids Cafes provide the evening meal that children need to fuel their minds and bodies as they grow. Capital One's sponsorship is critical to the success of this important program."

Capital One's 2001 local donation of $82,000 to the Central Virginia Foodbank helps fund six Capital One sponsored Kids Cafes in the Richmond area. Since 1997, Capital One has contributed $342,000 in support of Richmond area Kids Cafes to help feed an average of 525 children each day.

Kids Cafes seek to provide not only nutritious meals and snacks to at-risk income-eligible children, but also educational and cultural experiences, such as computer training and trips to local museums. For more information about America's Second Harvest or the Kids Cafes program, go to http://www.secondharvest.org/childhunger/kidscafe.html

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 36.5 million customers and $31.6 billion in managed loans outstanding as of March 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.

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SOURCE Capital One Financial Corporation

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