Coordinates	53°25′″N21°53′″N
Name	Capital One Financial Corporation
Logo
Type	Public
Traded as
Foundation	Richmond, Virginia (1988)
Location	McLean, Virginia, U.S.Tysons Corner, Virginia
Key people	Richard Fairbank(Chairman, President and CEO)
Industry	Financial services
Products	Retail bankingCredit cardsLoansSavings
Revenue	US$12.264 billion (2010)
Operating income	US$4.330 billion (2010)
Net income	US$2.743 bllion (2010)
Assets	US$197.503 billion (2010)}}

|equity = US$26.541 billion (2010) |num_employees = 27,826 (2010) |homepage = capitalone.com }} Capital One Financial Corp. () is a U.S. based bank holding company specializing in credit cards, home loans, auto loans, banking, and savings products. A member of the Fortune 500, the company helped pioneer the mass marketing of credit cards in the early 1990s, and it is now the fourth largest customer of the United States Postal Service and has the 5th largest deposit portfolio in the United States. It has its corporate offices in Tysons Corner, unincorporated Fairfax County, Virginia, near McLean.

History

Capital One was founded in 1988 by Richard Fairbank and Nigel Morris as a spin-off of Richmond, Virginia-based Signet Banking Corp (which was subsequently acquired in 1997 by First Union Corp.).

Capital One entered the retail banking market with its acquisition of New Orleans, Louisiana-based Hibernia National Bank in 2005 and Melville, New York-based North Fork Bancorporation in 2006. North Fork Bank and Superior Savings of New England, both subsidiaries of North Fork Bancorporation, began using the branding of ''Capital One Bank'' on March 10, 2008. On December 4, 2008, Capital One announced it would purchase Chevy Chase Bank for $520 million.

Capital One responded to the 2007 subprime mortgage financial crisis by jettisoning its mortgage platform, GreenPoint Mortgage, due in part to investor pressures.

On November 14, 2008, Capital One Financial Corporation was the recipient of $3.56 billion of the Emergency Economic Stabilization Act Federal bail-out in the form of a preferred stock purchase. On June 17, 2009, Capital One completed the repurchase of the 3,555,199 shares of the preferred stock the company issued to the U.S. Treasury.

Divisions

Capital One Auto Finance

Capital One Financial Corporation is the parent company of Capital One Auto Finance, or COAF, based in Plano, Texas. After buying PeopleFirst, it became the largest Internet auto lender, as well as one of the top US auto lenders overall.

The company, which previously sold auto loans only through direct mail and auto dealerships, lets auto owners refinance existing auto loans and shoppers apply for new auto loans online. A decision usually comes within 15 minutes, after which the buyer receives a "blank check" for up to the approved auto loan amount, which the buyer uses to purchase a car. To the dealership, it is as if the buyer were paying cash. The checks can be used to purchase a new or used vehicle, or to refinance an existing auto loan with another lender.

COAF originates auto loans across the credit spectrum.

International operations

Capital One commenced operations in Canada in 1996. Its head office is located in Toronto, Ontario. Unlike its diversified American parent, the Canadian business does not currently operate outside of the credit card market. Similar to the US Parent, Capital One Canada is Canada Post's second largest customer. In October 2008, Capital One Canada was named one of Greater Toronto's Top Employers by Mediacorp Canada Inc., which was announced by the Toronto Star newspaper.

The UK headquarters of Capital One is in Nottingham Trent House, Station Street, England. The company was once active in Spain, Italy, France and South Africa, but has since withdrawn from these markets.

Unusual growth

Unlike other diversified financial services firms, Capital One began as consumer lending "monoline" -- a company that only does consumer lending. Remaining a monoline is precarious because of the often-cyclical nature of consumer lending; it can be very profitable industry in good times and markedly unprofitable in bad, such that a monoline company—which lacks other sources of revenue—will go out of business or be acquired fairly cheaply during hard times. Most consumer lending monolines in the past 20 years have either gone out of business (e.g. The Money Store, NextCard, Royal Acceptance) or have been acquired (e.g. MBNA, Beneficial, First USA); Capital One is notable for having experienced neither.

Prior to this the company experienced tremendous growth as a monoline which it credited to its Information Based Strategy, a strategy it pioneered to use customer data to help tailor its products to customers, particularly subprime consumers. Capital One had one of the largest databases of consumer data at one time: over 3 terabytes of data by 1998. It attempted to leverage this strategy outside of the finance industry, most notably in the cell phone market as AmericaOne which it eventually sold to Sprint. While many monolines were acquired by larger, diverse banks, Capital One adopted the opposite strategy by expanding into retail banking in 2005. This was accomplished through the acquisition of Hibernia, North Fork and Chevy Chase, three large regional banks.

On June 16, 2011, ING Groep N.V. announced it reached an agreement to sell ING Direct USA for a total consideration of $9.0 billion (€6.3 billion) to Capital One Financial Corporation. The deal would make Capital One the fifth largest depository in the United States. Under the terms of the agreement, ING will receive $6.2 billion in cash and $2.8 billion in the form of 55.9 million shares in Capital One. With its pro forma 9.9% stake, ING will become the largest single shareholder in Capital One. After closing ING has the right to be represented by one member of the Board of Directors of Capital One.

The sale of ING Direct USA to Capital One is subject to regulatory consent. While previously expected to close in the fourth quarter of 2011, the acquisition has been slowed by regulatory issues stemming from the size of the new institution.

On August 26, 2011, the Federal Reserve Board of Governors announced it would hold public hearings on the Capital One acquisition of ING Direct, as well as extend the public comment period previously slated to end August 22 to October 12, 2011. The move came amidst rising scrutiny of the deal on systemic risk, or "Too-Big-to-Fail, performance under the Community Reinvestment Act, and pending legal challenges. A coalition of national civil rights and consumer groups, led by the National Community Reinvestment Coalition, were joined by Rep. Barney Frank (D-MA) to challenge immediate approval of the deal. The groups have argued that the acquisition is a test of the Dodd-Frank Wall Street Reform and Consumer Protection Act, under which systemically risky firms must demonstrate a public benefit that outweighs new risk before they are allowed to grow.

Other skeptics of the deal include Kansas City Federal Reserve Bank head Thomas Hoenig , and columnists Prof. Steven Davidoff and Steven Pearlstein .

A June 2011 bid by Capital One to acquire the US credit card operations of HSBC is currently in review.. The deal would a $30 billion credit card portfolio to Capital One, and make the company the fourth largest credit card issuer in the country.

Sponsorships

Capital One is a major sponsor of sports teams. In 2001 Capital One became the principal sponsor of the Florida Citrus Bowl, an annual college football game played in Orlando, Florida, renaming it the Capital One Citrus Bowl and then eventually the Capital One Bowl. In the UK, the company sponsored Football League Championship football clubs Nottingham Forest from 2004–2009 and Sheffield United from 2006-2008.

In 2008-2009 they sponsored several curling events all across Canada.

Capital One sponsors a mascot challenge every year. The winner is announced on the day of the Capital One Bowl.

Decoupled debit card

In May 2007, Capital One began an experiment that has come to be known as a Decoupled debit card. This card is novel in that prior to this launch, a debit card was always tied to a traditional financial institution, such as a bank or credit union. CapitalOne's Mastercard-branded decoupled card did not require an account be opened with a "retail" financial institution, and was made in partnership with the Ukrops grocery chain, based in CapOne's hometown of Richmond, VA, and the Sheetz gas station/convenience store chain. The Ukrops card was also tied to the grocer's reward program. That one year experiment ended in May 2008, and has been followed up with a national rollout of its own version of a decoupled debit card tied to its own reward program.

See also

Hibernia National Bank (acquired in 2005)

North Fork Bank (acquired in 2006)

Chevy Chase Bank (acquired in 2009)

Capital One Tower

References

External links

Capital One's web site

Capital One Canada web site

Capital One's UK web site

COF Profile from Yahoo Inc.

Category:Banks based in Virginia Category:Banks established in 1988 Category:Companies based in Richmond, Virginia

de:Capital One

Coordinates	53°25′″N21°53′″N
birth name	David Wayne Spade
birth date	July 22, 1964
birth place	Birmingham, Michigan, U.S.
occupation	ActorComedianTelevision personality
years active	1987–present
children	Harper (born 2008)
website	DavidSpade.com }}

David Wayne Spade (born July 22, 1964) is an American actor, comedian and television personality who first became famous in the 1990s as a cast member on ''Saturday Night Live'', and from 1997 until 2003 starred as Dennis Finch on ''Just Shoot Me!''. He also starred as C.J. Barnes, along with Katey Sagal, James Garner and Kaley Cuoco on ''8 Simple Rules''.

He currently stars as Russell Dunbar on the CBS sitcom ''Rules of Engagement''. He is also working with TBS on an animated series based on his film ''Joe Dirt''.

Early life

Spade was born in Birmingham, Michigan, the son of Judith M, a writer and magazine editor, and Sam Spade, a sales representative. His brothers are Bryan and Andy Spade; Andy Spade is the husband of designer Kate Spade and CEO of Kate Spade New York.

Spade attended Scottsdale Community College and briefly went on to Arizona State University, where he was a member of the Sigma Alpha Epsilon fraternity. He graduated with a degree in Business in 1986. Spade performed standup at the university's long-running sketch comedy show, ''Farce Side Comedy Hour'', on numerous occasions. In the mid-80s he also did standup in the Monday night comedy show at Greesy Tony's Pizza in Tempe, Arizona. Before finding success as a comedian, Spade made money by working as a busboy, a valet parker, a skee ball championship competitor and a skateboard shop employee.

Career

With the help of friend and fellow comedian Dennis Miller, he joined ''Saturday Night Live'' in 1990 as a regular cast member and writer. Here, he made popular his well-known sarcastic, smart aleck characters in a number of sketches, some of which include: a flight attendant who bids a perceived-as-unpleasant "Buh-Bye" to each passenger upon disembarking; a receptionist for Dick Clark who, as a matter of policy, asks people indiscriminately "And you are?"; and the sarcastic "Hollywood Minute" reporter who communicates with celebrities by means of one-liners. Other characters include Christy Henderson from the Gap Girls, and Karl from the Karl's Video sketches. He has also done impressions of famous celebrities, such as Brad Pitt and Michael J. Fox. According to interviews with Spade, most of the material that he wrote early on was given to Dana Carvey to perform on the show. Due to his relatively low work rate, he was in danger of being fired as a performer, until the ''Hollywood Minute'' segment secured his position.

Though most of the cast left in 1995, Spade stayed on the following year to help in the transition with the new cast. He then quit in 1996, citing "burnout" as the reason. Said Spade, "When I leave, it will be to ease the pressure, not to be a movie star. You can't stay there forever — it kills you inside. It ages you in dog years. It's a tough place." He returned to host an episode in 1998 and another in 2005. He recently also voiced a chihuahua in an animated short, written by Fred Wolf, in 2010.

Spade's attempt at a film career was met with mixed success. Movies such as ''Joe Dirt'' and ''Dickie Roberts: Former Child Star'' were, especially the former, not very successful critically, although both made back their budget and more. (They were both written by Spade with Fred Wolf.) He worked with fellow ''Saturday Night Live'' cast member Chris Farley in the movies ''Tommy Boy'' and ''Black Sheep'', in an attempt to form a modern-day Laurel and Hardy. The two were planning a third movie together when Farley died of a drug overdose at the age of 33. Spade did not attend Farley's funeral stating he "could not be in a room where Chris was in a box."

Although he received several offers to star in his own TV shows, he turned them down and joined the ensemble cast of Steven Levitan's office sitcom ''Just Shoot Me!,'' which ran for seven seasons from 1997 to 2003. He played to type as sarcastic receptionist Dennis Finch, which earned him an Emmy nomination and two Golden Globe nominations.

Spade hosted both the Teen Choice Awards and SpikeTV's Video Game Awards in 2003. He voiced characters on several episodes of ''Beavis and Butt-head,'' and produced his own TV series ''Sammy'' in 2000. From 2002 to 2006, Spade regularly appeared in commercials for Capital One with Nate Torrence, where he plays the employee of a fictional rival company whose policy toward honoring credit card rewards (and just about everything else) is "always no." In 2004 he joined the cast of ''8 Simple Rules,'' following the death of the sitcom's star, John Ritter.

On September 5, 2003, Spade received a star on the Hollywood Walk of Fame. His star is located at 7018 Hollywood Blvd. He was recently the host of a new Comedy Central show, ''The Showbiz Show with David Spade,'' which began in September 2005. On the show, Spade made fun of Hollywood and celebrities in a manner similar to his old "Hollywood Minute" segment on ''SNL''. ''The Showbiz Show with David Spade'' was canceled in October 2007 after three seasons.

Along with actors Elijah Wood and Gary Oldman, Spade is one of the voice talents for ''The Legend of Spyro: A New Beginning'', the sixth installment of the platform game series ''Spyro the Dragon''. He provides the voice for Spyro's dragonfly companion, Sparx.

Currently, he stars as Russell Dunbar in the CBS comedy, ''Rules of Engagement''.

Personal life

Spade has one daughter with Playboy Playmate Jillian Grace. Spade confirmed his paternity on September 3, 2008.

Spade is very sensitive to light. The combination of bright lights on-set and working under sunlight while filming ''Black Sheep'' caused permanent damage to his eyes. On his condition: "I have to wear a hat even indoors and flashes in particular freak me out. I even have to make them turn down the lights in the make-up trailers. I've become such a pain in the butt with this light-sensitive thing, it's a wonder they don't just shoot me!"

His height (5'7") frequently features in his comedy roles.

In December 2008, Spade donated $100,000 to the police department in his former hometown of Phoenix, Arizona, as part of a program designed to provide patrol officers with rifles. Spade's contribution will buy 50 AR-15 semi-automatic rifles for Phoenix police officers.

Filmography

Film

''Light Sleeper'' ''Coneheads (film) ''Reality Bites'' ''Tommy Boy'' ''Black Sheep (1996 film) ''8 Heads in a Duffel Bag'' ''Senseless'' ''Lost & Found (1999 film) ''Loser (film) ''Joe Dirt'' ''Dickie Roberts: Former Child Star'' ''Racing Stripes'' ''Grandma's Boy (2006 film) ''Grown Ups (film)

Year !! Film Title !! Role !! Notes
1987	''Police Academy 4: Citizens on Patrol''	Kyle
1992	|	Theological Cokehead
1993	Coneheads'' ||	Eli Turnbull
rowspan=2	1994	|	The "Wienerschnitzel" Manager
''PCU (film)	PCU''	Rand McPherson
1995	|	Richard Hayden	MTV Movie Awards (won 1)
rowspan=3	1996	Black Sheep'' ||	Steven "Steve" Dodds
''A Very Brady Sequel''	Sergio
''Beavis and Butt-Head Do America''	Voice
1997	|	Ernest "Ernie" Lipscomb
rowspan=3	1998	|	Scott Thorpe
''The Rugrats Movie''	Ranger Frank "Franklin"
''Jerome''	''Executive Producer''
1999	Lost & Found'' ||	Dylan Ramsey
rowspan=2	2000	Loser'' ||	The Video Store Clerk
''The Emperor's New Groove''	Emperor Kuzco / Llama Kuzco	Kid's Choice Awards (nominated-1)
2001	|	Joseph "Joe" Dirt
2003	|	Dickie Roberts
rowspan=3	2005	|	Scuzz	voice only
''Lil' Pimp''	Principal Nixon
''Kronk's New Groove''	Emperor Kuzco
rowspan=2	2006	Grandma's Boy'' ||	Shilo
''The Benchwarmers''	Richie Goodman
rowspan=1	2010	Grown Ups'' ||	Marcus Higgins

Television

''Baywatch'' ''ALF (TV series) ''The Larry Sanders Show'' ''Beavis and Butt-Head'' ''Just Shoot Me!'' ''David Spade: Take the Hit'' ''Sammy'' ''Greg The Bunny'' ''Father of the Pride'' ''The Showbiz Show with David Spade'' ''Rules of Engagement (TV series)

Year !! Show Title !! Role !! Other notes
1988	The Facts of Life (TV series)>The Facts of Life''	Scott
1989	|	B.J.	Season 1, Episode 3: "Second Wave"
rowspan=4	1990	ALF'' ||	Larry Slotkin	Season 4, Episode 14: "Make 'em Laugh"
''Monsters''	Teddy
''Born to Be Mild''	Stage Assistant
''Saturday Night Live''	Various
1992	|	Himself	Season 1, Episode 2: "The Promise"
1994	|	Mr. Manners/Mr. Candy/Ticket Attendant (voice)	uncredited; cast member from 1994–1997
1997–2003	|	Dennis Finch	American Comedy Awards (nominated-1)Emmy Awards (nominated-1)Golden Globe Awards (nominated-2)TV Land Awards (nominated-1)
1998	|	Himself
2000	|	Sammy Blake/James Blake (voice)	canceled after 2 episodes
2002	|	Himself	cameo
rowspan=2	2004	|	Tommy the Coyote (voice)
''8 Simple Rules''	8 Simple Rules#Characters>C.J. Barnes
2005	|	Himself
2007–Present	Rules of Engagement'' ||	Russell Dunbar	Teen Choice Awards (nominated-1)

Videos

Year !! Song Title !! Performer !! Notes
1993	"Buddy"	Adam Sandler

Video games

Year !! Title !! Character !! Notes
2006	''The Legend of Spyro: A New Beginning''	Spyro the Dragon (character)#Sparx>Sparx

References

External links

David Spade at MySpace

David Spade HBO Stand-Up Special Videos

Category:1964 births Category:Actors from Arizona Category:Actors from Michigan Category:American comedians Category:American film actors Category:American impressionists (entertainers) Category:American infotainers Category:American screenwriters Category:American stand-up comedians Category:American television actors Category:American television writers Category:American television personalities Category:American voice actors Category:Arizona State University alumni Category:Living people Category:People from Oakland County, Michigan Category:People from Scottsdale, Arizona

da:David Spade de:David Spade es:David Spade fr:David Spade it:David Spade lt:David Spade nl:David Spade ja:デヴィッド・スペード no:David Spade pl:David Spade pt:David Spade ro:David Spade fi:David Spade sv:David Spade