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Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. [2]
Richard Dana Fairbank (born September 18, 1950) [1] is an American billionaire businessman who co-founded Capital One with Nigel Morris in 1988. [2] [3] He was on the board of directors of MasterCard International from 2004 to 2006.
During Morris's ten-year tenure while he served as President, Capital One's net income after taxes (NIAT) grew at a compound annual rate of more than 32%. [citation needed] He left the bank in 2004, shifting to venture capital investing. [9] In 2007 Morris founded QED Investors with CIO Frank Rotman. [11]
Credit One Bank, N.A., headquartered in Las Vegas, Nevada, is a bank specializing in credit cards for borrowers with low credit scores. [2] It is owned by Sherman Financial Group , which runs one of the largest buyers of consumer debt in the United States. [ 3 ]
Capital One’s $35.3 billion acquisition of Discover could close as early as February. It has the potential to reshape the credit card business.
On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...
The Greenwood Trust Company was founded on August 30, 1911, and was based in Greenwood, Delaware. It was acquired in 1985 and renamed Discover Bank on August 1, 2000. [12] Discover Bank is mainly an online financial institution that offers many financial services such as checking accounts, savings accounts, and money market accounts.
Although all former Hibernia branches have been re-branded as Capital One, this building's historic name and signage remain unaltered. Hibernia National Bank was a bank headquartered in New Orleans, Louisiana. The bank was the primary subsidiary of Hibernia Corporation, a bank holding company. In November 2005, the bank was acquired by Capital One.