Stephen S. Crawford to Become Chief Financial Officer for Capital One in May

 Stephen S. Crawford to Become Chief Financial Officer for Capital One in May

CFO Gary Perlin to retire

PR Newswire

MCLEAN, Va., Feb. 1, 2013

MCLEAN, Va., Feb. 1, 2013 /PRNewswire/ --Capital One Financial Corporation
(NYSE: COF) today announced that Stephen S. Crawford will join the company as
Chief Financial Officer Designate on February 4, 2013 and become a member of
the Executive Committee, reporting to Capital One's Chairman and Chief
Executive Officer, Richard D. Fairbank. In May, Crawford will succeed Chief
Financial Officer Gary L. Perlin, who, after a decade of leadership at Capital
One, has decided to retire.

Perlin will remain in his position as CFO and a member of Capital One's
Executive Committee through May 24, 2013 at which time Crawford will
transition into the CFO role. Perlin will continue to work with Capital One as
a Senior Advisor to the CEO through February 1, 2014.

"Gary has been a trusted and valued partner over the past decade," said
Fairbank. "Among many contributions, his counsel and leadership were
instrumental as we successfully weathered an unprecedented financial crisis
and emerged in an even stronger position to grow our company and create
shareholder value. Gary has built a great team and has helped us transform
Capital One in many ways over the years, and I am grateful for everything he
has done to enable us to build a great company."

Crawford joins Capital One from Centerview Partners where, as partner and
co-founder, he has provided advice and counsel to many of the most prominent
financial institutions in the United States. Crawford has been an advisor to
Capital One on a broad range of strategic and financial matters which will
help ensure continuity and a smooth transition for the CFO role. Prior to
launching Centerview, Crawford spent nearly 20 years in various positions at
Morgan Stanley, including serving as Chief Financial Officer, Chief
Administrative Officer, and Chief Strategic Officer.

"I have the greatest respect for Steve and am excited about the impact he will
make in his new role," said Fairbank. "Steve brings great experience and
skills to the position. He has worked with Capital One as an advisor over the
last several years and knows our company, the industry and our management team
well. And he has significant financial services and CFO experience. I am
confident that his proven leadership and financial abilities will enable Steve
to help us drive strong financial performance and disciplined execution as we
continue to focus on creating sustainable value for our investors and

As CFO, Crawford will be responsible for managing Capital One's Global Finance
team which includes our financial strategy, planning, accounting and
reporting, funding and treasury operations, corporate finance, and investor
relations. Crawford will be based in New York.

"I have watched the transformation of Capital One over the last decade and
have the greatest admiration for Rich and his strategic vision for the
company," said Crawford. "It is an honor to take on this important role and I
look forward to continuing to help create a great company and bring value to
our investors."

About Capital One
Capital One Financial Corporation ( is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $212.5 billion in deposits and $312.9 billion in total
assets outstanding as of December 31, 2012. Headquartered in McLean, Virginia,
Capital One offers a broad spectrum of financial products and services to
consumers, small businesses and commercial clients through a variety of
channels. Capital One, N.A. has more than 900 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

Contact: Tatiana Stead, +1-703-720-2352,, or
Julie Rakes, +1-804-284-5800,
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