Capital One Bank Announces Michael Slocum as New York State President

Capital One Bank announced the appointment of Michael C. Slocum as the bank’s New York State President. In this new role, Slocum, who also heads Capital One Bank’s Commercial Banking team, will be responsible for leading the Bank's community focus and guiding its philanthropic commitment to help meet the unique needs of the communities that Capital One Bank serves in the greater New York area.

"Our market presidents are focused on continuously improving the Capital One Bank customer experience, growing revenue and leveraging market opportunities. They also play a critical role in overseeing and coordinating company resources to help ensure that we’re making a meaningful contribution to our local communities,” said Lynn Pike, President of Capital One Bank. "Mike has a clear understanding of our vision and has been integral to helping drive the bank’s strategy. The strength of his leadership, his business acumen and commitment to the community will continue to solidify our overall presence in the New York market.”

An experienced leader with nearly thirty years in the banking industry, Slocum also serves as Executive Vice President of Capital One’s Commercial Banking business reporting directly to Pike. In this role, he leads multiple lines of business, including asset-based lending, leasing, energy banking, commercial real estate, middle market banking, private banking, treasury services and merchant services. Prior to joining Capital One in 2007, Slocum served in various leadership roles for nearly two decades at Wachovia Bank, where he most recently headed up the company’s Real Estate Financial Services business. While in that role, revenues to the company from his region grew nearly 15 percent per year. Also under his leadership, Wachovia’s Real Estate Banking business grew into the second largest real estate bank in the U.S. Slocum also served as Wachovia’s Regional CEO for its banking operations in the New York, New Jersey and Connecticut regions.

"As a company, we understand that banking is a relationship-focused business. Whether we’re working to meet the needs of a community, a business or an individual customer, relationships and personalized service are key,” Pike added. "Mike has been an outstanding member of our leadership team and I am extremely pleased that he will formally assume the role of State President here in New York.”

As New York State President, Slocum is part of an experienced team of state leaders including Robert M. Stuart, Jr., Louisiana State President, Ricky Otey, Texas State President and Doug Kennedy, New Jersey State President. Capital One Bank’s State and Market President network was created to support the Bank’s ability to meet community needs through an array of bank resources including philanthropy, volunteerism and community banking products and services.

The Market Presidents for the New York area include:

• Manhattan Market President: James Covington, who also leads the Private Banking Division for the Commercial business.
• Queens Market President: David Dineen, who also serves as Branch Distribution Executive for the State of New York.
• Brooklyn & Staten Island Market President: Bernard J. (BJ) Duffy, who also serves as the Regional Manager of Branch Distribution for the same area.
• Bronx Market President: John Habermann, who also serves as the Regional Manager of Branch Distribution for Nassau County.
• Suffolk Market President: Anthony (Tony) Pica, who also serves as the Business Banking lead in the area.
• Nassau Market President: Andrew Corrado, who also serves as the Private Banking lead for Nassau and Suffolk Counties.

”I am honored to take on an expanded leadership role here in New York,” said Slocum. "We have a talented team of local leaders whose banking experience, knowledge of the New York market and commitment to excellent customer service is matched by their determination to make a positive difference in the communities we serve. I’m looking forward to working closely with them to build on Capital One’s positive momentum across the region.”

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., Capital One Bank (USA), N.A., and Chevy Chase Bank, F.S.B., collectively had $121 billion in deposits and $150 billion in managed loans outstanding as of March 31, 2009. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. and Chevy Chase Bank, F.S.B. have approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

Capital One Bank is a registered trade name of Capital One, N.A.