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Capital One Strengthens Commercial Real Estate Banking Efforts

March 20, 2008 at 9:30 AM EDT

Veteran Banker Rick Lyon Tapped to Lead Business

NEW YORK, Mar 20, 2008 (BUSINESS WIRE) -- Capital One Financial Corporation (NYSE:COF) announced an expansion of its Commercial Real Estate Banking business naming veteran banker Richard, (Rick) Lyon as Senior Vice President of Commercial Real Estate Banking.

As the head of Commercial Real Estate Banking, Lyon will lead one of the core business units of Capital One's Commercial Banking division. Lyon will actively manage and strategically grow the company's commercial real estate activities, providing financial services to the real estate development and investment community across the Capital One Bank footprint. In this role, Lyon will report directly to Michael C. Slocum, Capital One's Executive Vice President of Commercial Banking.

A 30-year banking veteran, Lyon joins Capital One from Wachovia where he led the company's real estate banking efforts in the Northeast region of the U.S., which included offices from Boston to Washington, DC. Under Lyon's direction, Wachovia more than doubled its business by establishing new offices in Boston and New York. A seasoned and successful leader, Lyon led numerous real estate, corporate and middle market banking groups throughout his career at Wachovia.

Capital One also announced the addition of a new Boston-based Commercial Real Estate Banking group dedicated to servicing real estate firms in the New England market. A veteran team of six commercial real estate professionals joined Capital One from Wachovia, where they worked together for more than 15 years. The new Boston-based team includes: Market Manager Peter Chow; Senior Relationship Managers Lein Tung and Josh Howes; Relationship Manager Laura Cohen; and Senior Underwriters Peter Leahy and Filomena Cerqueira.

"With a wealth of local market knowledge, a proven track record and a keen focus on meeting client needs, Rick and his new Boston team are a great addition to Capital One and they will be a tremendous resource for our commercial real estate clients," said Michael C. Slocum, Executive Vice President of Commercial Banking, Capital One. "These additions underline Capital One's commitment to business banking and we are well positioned for continued expansion and growth in the market."

The Boston team, along with existing teams in New York, New Jersey, Louisiana and Texas, will report to Lyon. Lyon will be based in New York.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries collectively had $83.0 billion in deposits and $151.4 billion in managed loans outstanding as of December 31, 2007. Headquartered in McLean, VA, Capital One has 742 locations in New York, New Jersey, Connecticut, Texas and Louisiana. It is a diversified financial services company whose principal subsidiaries, Capital One, N.A., Capital One Bank (USA), N. A., and Capital One Auto Finance, Inc., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. 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.

SOURCE: Capital One Financial Corporation

Capital One Financial Corporation
Diana Don, 703-720-2371
Diana.don@capitalone.com