Capital One Financial Corp: Key Developments

Capital One Financial Corp. Announces Quarterly Dividend
October 29, 2009
Capital One Financial Corp. announced a quarterly dividend of $0.05 per share payable on November 20, 2009 to stockholders of record as of November 11, 2009.
Capital One Financial Corp. Announces New Partnership With OneCause.com
August 18, 2009
Capital One Financial Corp. announced a new partnership with OneCause.com, an online community focused on turning everyday purchases into contributions for cause based groups, that will establish a new way for Parent Teacher Associations (PTAs) to enhance their fundraising and raise awareness for their efforts.
Capital One Financial Corp. Announces Quarterly Dividend
July 30, 2009
Capital One Financial Corp. announced a quarterly dividend of $0.05 per share payable August 20, 2009 to stockholders of record as of August 11, 2009.
Consumers File Lawsuit Against Capital One Financial Corp. For Alleged Improper Banking Fees
July 15, 2009
Capital One Financial Corp. announced that it has been sued by a former North Fork Bank customer who alleges that, upon the acquisition of North Fork by Capital One, he and other banking customers were charged a number of improper bank fees. The action is currently pending in the United States District Court for the Eastern District of New York and was filed by Scott+Scott LLP and Whalen & Tusa, P.C. on behalf of former North Fork Bank and Superior Savings of New England deposit holders. The Plaintiff alleges that Capital One is improperly charging certain bank fees, including, overdraft fees, foreign ATM fees and other miscellaneous fees without complete and accurate prior notification and despite the fact such accounts were represented as 'Completely Free' bank accounts. The complaint also alleges that Plaintiff and other consumers were charged monthly Undeliverable Mail Fees by Capital One for account statements that were, in fact, received and thus were not 'undeliverable.'
Capital One Financial Corp. Receives Approval To Repurchase TARP Preferred Shares
June 9, 2009
Capital One Financial Corp. announced that the U.S. Department of the Treasury informed the Company that it is ready to process the Company's request to repurchase Treasury's preferred investment made through Treasury's Capital Purchase Program (CPP) of the Troubled Asset Relief Program (TARP). In the coming weeks, Capital One expects to repurchase the $3.55 billion in preferred shares the Company issued.
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Page generated 11/23/2009 1:42 AM Eastern Time

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