Capital One Financial Corp. / COF
Capital One associate Gary Kensey works with a middle school student at Capital One's Junior Achievement Finance Park, a mobile financial education program. (Photo: Courtesy of company.)
About Capital One Financial Corp.
1680 Capital One Dr., McLean, Va. 22102
www.capitalone.com
| 703-720-1000
| Founded: 1995
Industry: Financial Services | Category: Top 100 Companies
Capital One headed aggressively into the banking business with two acquisitions last year, as defaults and late payments increased in its credit card business.
In 2006, Capital One completed the integration of a New Orleans-based bank, Hibernia. In December, it wrapped up the $13.2 billion acquisition of North Fork Bancorporation, which has banks in New York, New Jersey and Connecticut.
With the acquisitions, Capital One is now the 11th-largest bank in the United States, based on deposits, and has more than 700 locations.
But the deals have not won the company much enthusiasm on Wall Street. The Hibernia purchase was announced right before Hurricane Katrina hit the bank's home territory in the Gulf Coast, and the company spent much of the year working to reopen branches. Capital One snapped up North Fork and its large mortgage portfolio just as the housing market slowed.
In August 2007, the company announced it was closing a mortgage banking subsidiary and eliminating 1,900 jobs to deal with turmoil in the global credit markets. The move followed a decision earlier in the year to lay off another 2,000 employees at other units. (Updated 8-21-07)
Chairman and CEO: Richard D. Fairbank
Chairman and CEO: Richard D. Fairbank
2007 Financial Data
Total employees: 31,800 | Local employees: 865Company Leadership
| Richard D. Fairbank | Chairman, president and CEO |
| J. Herbert Boydstun | EVP, banking |
| John G. Finneran Jr. | General counsel and corporate secretary |
| David R. Lawson | President, auto finance |
| Gary L. Perlin | CFO |
| Gregor S. Bailar | Chief information officer |
Source: Compensation data provided by Equilar, Inc..
|
Richard D. Fairbank Chairman, President and Chief Executive Officer |
$17,084,879 Salary: $0 |
|
Gary L. Perlin Principal Accounting Officer and Chief Financial Officer |
$9,502,869 Salary: $850,000 |
|
John G. Finneran Jr. General Counsel and Secretary |
$6,909,629 Salary: $666,667 |
|
Peter A. Schnall Chief Risk Officer |
$6,212,331 Salary: $545,833 |
|
David R. Lawson President, Capital One Auto Finance |
$4,272,443 Salary: $670,833 |
Did You Know
The "What's in your wallet?" credit card company became one of the nation's largest by issuing cards to consumers with imperfect credit records. Capital One Financial Corp. is the fourth-largest issuer of MasterCards and Visas.
