Capital One Financial Education Program Teaches D.C. Students the Basics of Savings

MCLEAN, Va., May 4 /PRNewswire-FirstCall/ -- Capital One Financial Corporation (NYSE: COF) will be placing oversized piggy banks around the nation's capital in honor of the launch of its "Stash Your Cash" financial education program with D.C. middle and junior high schools. The fifteen piggy banks, each measuring approximately 4 feet tall and weighing 750 pounds, will be hand painted by local artists and D.C. students and will serve to add excitement to and engage parents, students and teachers in the financial literacy campaign. The statues will be unveiled to the public on Friday, May 6th and be on the streets for a six-week period. Students and parents will be given a treasure map listing the piggy bank locations and are encouraged to visit statue sites while discussing elements of the program.

(Photo: http://www.newscom.com/cgi-bin/prnh/20050504/DCW090 )

The Stash Your Cash program introduces students to basic money management skills, with an emphasis on starting to save money at an early age. The program is based on a curriculum developed by the Dallas Federal Reserve Bank, and is geared especially for middle school-aged students. Stash Your Cash features a workbook for students and an in-classroom guide for teachers or for parents who want to discuss financial literacy at home. As an added feature of the program, associates from Capital One will be visiting participating schools to teach students about basic money management and savings skills.

"As a Washington-area company with a history of strengthening communities, we're honored to partner with D.C. Public Schools to bring this program to our youth," said John Scanlon, Vice President of Capital One. "Capital One is proud to devote resources to teach financial education and to get the District's children on the right path to understanding the benefits of savings at an early age."

In addition to providing volunteers to teach the program in classrooms, Capital One has pledged to donate up to $35,000 to individual participating schools, and at the conclusion of the program Capital One will be auctioning the piggy bank statues to benefit D.C. Public Schools.

"We are always looking for innovative ways to drive real life lessons home to our students," noted Dr. Gloria Grantham, Associate Superintendent for Transformation, Middle, and Junior High Schools with D.C. Public Schools. "We're grateful for Capital One's support and their commitment to local students."

Stash Your Cash workbooks will also be available online at http://www.capitalone.com/financialeducation for anyone who would like to experience the program. The workbooks will reinforce the classroom lesson and include a "treasure map" of the fifteen piggy banks throughout the city for parents to explore with their children.

Stash Your Cash complements the financial education program that Capital One already has in place. Capital One offers consumers helpful tips and resources on money management at http://www.capitalone.com/financialeducation. The site includes links to MoneyWi$e, a unique partnership with Consumer Action that provides free multi-lingual materials and training to consumers, as well as a link to MoneyWi$e-U, a program specifically geared to college students.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (http://www.capitalone.com) is a bank holding company whose principal subsidiaries, Capital One Bank, Capital One, F.S.B. and Capital One Auto Finance, Inc. offer a variety of consumer lending products. Capital One's subsidiaries collectively had 49.1 million accounts and $81.6 billion in managed loans outstanding as of March 31, 2005. Capital One is a Fortune 500 company and, through its subsidiaries, 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.

     Piggy Bank Locations
     Arboretum Recreation Center -- 24th Street and Rand Place, NE (National
      Arboretum)
     Dupont Circle North -- Q Street and Connecticut Avenue, NW (Dupont
      Circle)
     Francis Junior High School -- 2425 N Street, NW (West End)
     Friendship Heights -- 5300 Wisconsin Avenue, NW (Friendship Heights)
     Garnet-Patterson Middle School -- 2001 10th Street, N.W. (U Street)
     Hardy Middle School -- 1819 35th Street, NW (Georgetown)
     Hart Middle School -- 601 Mississippi Avenue, S.E. (Oxon Run Park)
     Hillcrest Recreation Center - 32nd and Denver Street, SE (Hillcrest
      neighborhood)
     Hine Junior High School -- 335 8th Street, SE (Eastern Market)
     International Square -- 1850 K Street, NW  (Downtown)
     Jefferson Junior High School -- 801 7th Street, SW (Southwest/L'Enfant
      Plaza)
     Lincoln Multicultural Middle School -- 1800 Perry Street, NE (Catholic
      University)
     MacFarland Middle School -- 4400 Iowa Ave., N.W. (Georgia Avenue
      Corridor)
     Van Ness/UDC Metro -- Connecticut Avenue and Veazey Street, NW
      (Tenleytown)
     Woodley Park -- 2519 Connecticut Avenue, NW (Woodley Park)

SOURCE Capital One Financial Corporation

Contact:

Diana Don Colby
(703)720-2371
Diana.don@capitalone.com