Capital One Bank is a leading financial institution dealing in credit cards, home loans, auto finance, and consumer banking and savings products. A subsidiary of Capital One Financial Corp, the bank is regarded as a pioneer in making credit cards popular among general masses.
With approximately 1,000 branch locations and over 2,000 ATMs, the bank is providing its financial services to a large number of customers in the District of Columbia and eight US states that include New York, Louisiana, Texas, Maryland, Virginia, New Jersey, Connecticut, and Delaware.
Based in Mclean, Virginia, Capital One National Association offers a wide array of retail banking solutions to individuals, institutions, and corporate organizations. The consumer banking products include checking, savings, certificates of deposit, and investment banking solutions. The institution also offers extensive lending solutions in the categories of auto loans, mortgage loans, home equity, and personal loans.
Credit card is the core of all financial activities at Capital One. Some of the most popular credit cards in the US are issued by Capital One Bank. These include VentureOne Rewards, Cash Rewards, and Platinum Prestige. You need to possess excellent credit to get any of these cards; however, the bank offers a special Cash Rewards card at a nominal fee for people who have less credit score than the required.
Founded by Richard Fairbank and Nigel Morris in 1988, Capital One grew constantly to become an industry leader in its core specialization area. In June 2011, it acquired ING Direct, USA to widen its base and strengthen its presence on the online banking platform.
The acquisition has helped the bank to improve the online experience of its users while enabling it to continue its usual customer service through various other communication media. The introduction of CapitalOne 360 is nothing but a rebranding of ING Direct online banking division.
|Bank Name||Capital One Bank (USA)|
|Year of Establishment||November 22, 1994|
|FDIC Insured Since||November 22, 1994|
|FDIC Certificate No||33954|
|Number of Branches||1 domestic + 2 foreign|
|Number of ATMs|
|Number of Employees||18,193|
|Number of States Served||1 States|
|Services Offered (Available Accounts)||Credit Cards, Banking, Loans, IRAs, Savings|
|Mobile and Online Banking||Account Balance, Bill Pay, Fund Transfer, Mobile Banking|
|Assets (Dec 31, 2015)||102,172,065|
|Deposits (Dec 31, 2015)||91,219,561|
|Equity Capital (Dec 31, 2015)||10,952,504|
|Net Income (Dec 31, 2015)||543,239|
|Primary Federal Regulator||Office of the Comptroller of the Currency|
|Address||4851 Cox Road, Glen Allen, VA 23060, Henrico County|
(Courtesy: FDIC as on Dec 31, 2015)