Recently on 12th march, 2006 the company announced its agreement of acquiring acquiring Melville, New York-based North Fork Bank for $14.6 billion U.S. dollars. This merger was done on 1st December 2006. With the completion of the merger the bank was named as "Capital One Bank".
The company has its headquarters located in McLean, Virginia, USA. With its rapid growth the company has earned some conventional wisdom in its financial sector. With its massive entry into the retail banking in 2005 has made the bank very uncommon. There are some other banks that usually expand into the consumer lending, Capital One as the first and the only consumer lending monoline that entered into the other direction and expand into retail banking with major acquisitions.
Capital One is also a major sponsor of different sports team. In the year 2001 the company sponsored the Florida Citrus Bowl, an annual college football game played in Orlando, Florida, which was renamed as Capital One Bowl. In United Kingdom the company sponsors Coca Cola Championship club Sheffield United and Coca Cola League 1 club Nottingham Forest.
The company also operates in Canada in 1996. It has its head office located in Toronto, Ontario. Capital One’s another headquarter is located in Nottingham, England. In Spain it has its local office located in Madrid. The company was once active in France and South Africa, but has since withdrawn from these markets.
People holding important posts in the company include the following:
- Richard Fairbank- Chief Executive Officer, President
- Gary Perlin- Chief Financial Officer, Executive Vice President, Principal Accounting Officer
- John Finneran- Executive Vice President, General Counsel, Secretary
- Matthew Schuyler- Executive Vice President, Chief Human Resources Officer
- J. Herbert Boydstun- Executive Vice President;President, Banking
- Larry Klane- Executive Vice President, Global Financial Services
- David Lawson- Executive Vice President, President and Chief Executive Officer, Capital One Auto Finance
- Peter Schnall- Executive Vice President, Chief Credit Officer
- Gregor Bailar- Executive Vice President, Chief Information Officer
The members in the board of directors of Capital One at present include the following names:
- Richard Fairbank- CEO and Co-Founder of Capital One
- E.R. Campbell- Former Chairman of Hibernia National Bank
- Patrick Gross Co-Founder of American Management Systems
- Lewis Hay III -CEO and Chairman of Florida Power & Light
- Pierre Leroy- Divisional President at Deere & Company
- Stanley Westreich- Former President of Westfield Realty
- W. Ronald Dietz- President of W.M. Putnam Company
For more detailed information about the company you can log on to our web site autoloansxl.com
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