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Capital One Wins Alexander Hamilton Award; Treasury & Risk Management Magazine Recognizes Company's Innovations

October 19, 1999 at 7:20 AM EDT

FALLS CHURCH, Va., Oct. 19 /PRNewswire/ -- Treasury & Risk Management magazine awarded Capital One Financial Corporation (NYSE: COF) the Alexander Hamilton Award for sophistication, ingenuity, and best practices in treasury management. Capital One received more awards than any other company -- winning the Overall Excellence Gold Standard Award for its comprehensive program.

Several Capital One associates were on hand to accept the awards on behalf of the Company. "Having the right people is key to Capital One's success. Capital One's associates are constantly innovating and developing treasury tools that support and enable the fast growth of our company," said David Willey, Senior Vice President of Corporate Financial Management and Treasurer for Capital One. "To receive this kind of national recognition validates the strength of our associates and their groundbreaking efforts."

In addition to the overall award, Capital One received four individual awards.

Capital One was awarded the Gold for its innovative use of technology that improved its treasury functions. The entry detailed Capital One's technology infrastructure that supports retail deposits -- an alternative funding source for the Company.

Capital One received the Gold in the Investor Relations category for the Company's ability to create new and exciting methods for instituting a clearly defined fixed income investor relations program that would expose more investors to Capital One.

Capital One received the Silver for its retirement program, which recognizes the Treasury Department's integrated approach of doing business with other departments across the Company. The entry highlights the design of a retirement plan to support the Company's strategic objective of attracting and retaining the highest quality workforce, while continuing to grow the business.

In the Financial Risk Management category, Capital One received the Silver. This award recognizes Capital One's innovative solutions for managing liquidity; the Company developed a scenario-driven liquidity management framework that ensures adequate liquidity to support the Company's business strategy.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (www.CapitalOne.com) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending and deposit products. Capital One subsidiaries collectively had 20.8 million customers and $18.5 billion in managed loans outstanding as of September 30, 1999, and are among 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