Benjamin P. Jenkins, III and Catherine G. West to Join the Capital One Board of Directors

 Benjamin P. Jenkins, III and Catherine G. West to Join the Capital One Board
                                 of Directors

Experienced Financial Services and Business Leaders to Fill Two Newly Created
Seats as Independent Directors on the Capital One Board

PR Newswire

MCLEAN, Va., Feb. 20, 2013

MCLEAN, Va., Feb. 20, 2013 /PRNewswire/ --Capital One Financial Corporation
(NYSE: COF) today announced that Benjamin P. "Ben" Jenkins, III, former Vice
Chairman of Wachovia Corporation and former President of its General Bank and
Catherine G. West, Managing Director of Promontory Financial Group, have been
appointed to the company's Board of Directors. Jenkins and West will fill two
newly created seats on the Board and will stand for election by Capital One
stockholders in May 2013.

"Ben and Catherine bring decades of extensive banking experience and strong
leadership to the Board and I am extremely pleased to welcome them to Capital
One," said Richard D. Fairbank, Chairman and Chief Executive Officer of
Capital One. "Ben has had an exceptional banking career and we are
privileged to benefit from his industry insights and expertise. Catherine
brings a unique combination of financial, business, and regulatory experience
to Capital One. Both will make excellent additions to our Board and will be
valuable resources for our executive management team. We look forward to
working with them."

With more than forty years of banking experience, Jenkins is the former Vice
Chairman of Wachovia Corporation and the former President of its General Bank.
He retired from Wachovia in December 2008 and most recently served as Senior
Advisor, Managing Director, and Vice Chairman for Retail Banking at Morgan
Stanley & Co. in New York from January 2009 to January 2011. Jenkins began his
banking career at Wachovia's predecessor and held several key leadership
positions for Wachovia's banking operations. In 1999, he was appointed head of
the General Bank. Jenkins and his team were instrumental in the integration of
the First Union/Wachovia and Wachovia/SouthTrust mergers, and he led the
successful expansion of Wachovia's banking network into Manhattan, Texas, and
California. In 2005, he was named Vice Chairman of the corporation.

West has more than 25 years of experience in financial services, business
operations and strategy. Before joining Promontory Financial Group as
Managing Director in April 2012, she was Associate Director and Chief
Operating Officer of the Consumer Financial Protection Bureau (CFPB),
overseeing the development of the infrastructure of the newly created federal
agency. Prior to joining the CFPB, West was the Chief Operating Officer for
J.C. Penney. She joined J.C. Penney in June 2006 from Capital One, where she
served in multiple leadership roles throughout the company, including
President of Capital One's U.S. Card business and Senior Vice President of
U.S. Consumer Risk Operations. West also served on the company's Executive
Committee and as President and Director of Capital One Bank. Before joining
Capital One, West spent nine years at First USA Bank, serving as Executive
Vice President of Marketing Services and Operations and Senior Vice President
of Card Member Services. West began her financial services career at Chevy
Chase Federal Savings Bank taking on various roles and responsibilities
including leading the card division.

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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