Newsroom Helping Our Customers. article | July 23, 2020 . Meet Eno ®, your Capital One Assistant. Capital One’s (COF) history is shorter than other banks. article | July 23, 2020 . We're more than just a bank . On July 27, 1994, Richmond, Virginia-based Signet Financial Corp (now part of Wells Fargo) announced the corporate spin-off of its credit card division, OakStone Financial, naming Richard Fairbank as CEO. Read More. It acquired Chevy Chase to increase its market share in the Washington DC metropolitan area.In last of its big acquisitions, it acquired ING Direct to boost its online banking. CEO Richard Fairbank announced moves to use Capital One's experience with collecting consumer data to offer loans, insurance, and phone service.In October 2001, PeopleFirst Finance LLC was acquired by Capital One.The companies were combined and re-branded as Capital One Auto Finance Corporation in 2003.Onyx Acceptance Corporation was acquired by Capital One in January 2005.While many other monolines were acquired by larger, diverse banks, Capital One expanded into In 2007, Capital One acquired NetSpend, a marketer of prepaid debit cards, for $700 million.In 2008, Capital One received an investment of $3.56 billion from the In January 2011, Capital One acquired Canada-based On February 26, 2012, along with several other banks, Capital One announced support for the In 2015, Capital One closed several branch locations to leave 174 operating branches in the D.C. metro area.On February 19, 2014, Capital One became a 25% owner in In January 2015, Capital One acquired Level Money, a budgeting app for consumers.On July 8, 2015, the company acquired Monsoon, a design studio, development shop, marketing house and strategic consultancy.In November 2017, CEO Sanjiv Yajnik announced that the mortgage market was too competitive in the low rate environment to make money in the business.In May 2018, the company acquired Confyrm, a digital identity and fraud alert service.Since 2001, Capital One has been the principal sponsor of the Capital One is one of the top three sponsors of the Capital One operates some charitable programs, such as the "No Hassle Giving" In August 2014, Capital One and three collection agencies entered into an agreement to pay $75.5 million to end a consolidated class action lawsuit pending in the Capital One publicly acknowledged on 29 July 2019 that they had found unauthorized access had occurred ten days earlier by an individual who had breached the account and identity security of 106 million people in the United States and Canada.Thompson's employment at Amazon appears to have ended in September 2016. article | March 27, 2020 . Its first big acquisition was Hibernia National Bank in 2005. Capital One currently operates with 472 branches located in 9 states as a subsidiary of Capital One Financial Corporation. Acquisitions aligned to business strategy helped in diversification. Committing $10 million and establishing a dollar-for-dollar associate gift matching program. Capital One built a strong credit card business. Help protect yourself from 7 common COVID-19 scams . However, in bad times it can lead to sharp losses.Capital One diversified into retail banking in in the late 1990s and early 2000s. Capital One was a monoline credit card company in the early 1990s. Several Capital One customers stated that the first time they heard about the hack was through the media and the bank did not disclose the breach or explain its implications to affected customers.Lawsuits were filed against Capital One and its employees in federalAdditional Lawsuits were filed against both Amazon and Github, alleging they were aware of the exploit but did not act to fix or patch the vulnerabilityRelative to other large banks, Capital One has received fewer sanctions or default judgments against it.In 2018, Capital One was fined $100 million for failure to monitor, detect, and prevent money laundering.Bank holding company headquartered in McLean, VirginiaExit from mortgage banking (2006–2007 and 2011–2017)Fines for misleading customers to pay extra for services2014 amendment to terms of use to allow personal visitsExit from mortgage banking (2006–2007 and 2011–2017)Fines for misleading customers to pay extra for services2014 amendment to terms of use to allow personal visits Amazon stated that the security vulnerability she used to access Capital One could have been discovered by anyone, the information that facilitated her activity was not gained from work at Amazon, and that she gained access via "a misconfiguration of the (Capital One-designed) web application and not the underlying (Amazon-designed) cloud-based infrastructure".Critics lambasted the bank's effort to downplay the hack while investigations were ongoing, and described the bank as more concerned about its image than the needs of its clients. Richard Fairbank and Nigel Morris founded Capital One in 1988 with the support of Richmond, Virginia-based Signet Bank. Capital One was one of the pioneers in using data analytics to build a customer profile for its credit card business. Read about topics that matter to you. Capital One later acquired North Fork Bank to strengthen its New York metropolitan area operations. It took the bank to where it is today. Capital One was founded on May 22, 1933 and has been serving the financial needs of their customers for over 87 years.