Experienced Banker and Business Leader to Fill a Newly Created Seat
on the Capital One Board
MCLEAN, Va.--(BUSINESS WIRE)--Jan. 31, 2012--
Capital One Financial Corporation (NYSE: COF) today announced that Peter
E. Raskind has been appointed to the company's Board of Directors.
Raskind, former Chairman, President and Chief Executive Officer of
National City Corporation, will fill a newly created seat on the Board,
and will join the class of directors whose nominations will be submitted
for election by Capital One stockholders in May 2012. Raskind will join
the Board’s Audit and Risk Committee.
"I am very pleased to welcome Peter to our Board," said Richard D.
Fairbank, Chairman and Chief Executive Officer of Capital One. "With
more than three decades of banking expertise and leadership skills that
span a broad spectrum of endeavors, Peter brings further depth and
perspective to our Board. He will make an excellent addition and will be
a valuable resource for our company."
With more than thirty years of commercial banking experience, Raskind is
currently a consultant to banks and private equity bank investors. Until
its merger with the PNC Financial Services Group in December 2008,
Raskind served as Chairman, President and Chief Executive Officer of
National City Corporation. He was named Chairman in December 2007, Chief
Executive Officer in July 2007 and was also a director of the company
from January 2007.
Raskind began his career with National City in 2000, was appointed Vice
Chairman in 2004 and became President in December 2006. Prior to
National City, Raskind had a 17-year career with US Bancorp/First Bank
System and first launched his banking career with Harris Bank in 1979.
Raskind has served as a Director of United Community Banks, Inc.,
Director of Visa USA, Visa International and Inovant, L.L.C. Raskind has
also served on the Board of Directors of the Consumer Bankers
Association and has been a member of the Financial Services Roundtable.
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., had $128.2 billion in
deposits and $206.0 billion in total assets outstanding as of December
31, 2011. 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. has 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.
Source: Capital One Financial Corporation
Capital One Financial Corporation
Julie Rakes, 804-284-5800