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A Capitol One branch office in New York. (Mark Lennihan/AP)
Banks and credit unions
Capital One Financial
Capital One announced two blockbuster deals last summer. In June, it scored a $9 billion deal to buy online bank ING Direct, a transaction that, if approved by regulators, could catapult it from being the eighth-largest bank by deposits to the fifth-largest. That acquisition was followed up in August with a $2.6 billion deal for the U.S. credit card portfolio of London-based HSBC Holdings. Both deals have come under fire from consumer groups that have worried the credit card giant could become “too big to fail.”
Trivia
Capital One was started as a spin-off of Richmond-based Signet Banking Corp.
1680 Capital One Dr.
McLean Va., 22102
703-720-1000
Founded: 1994
CEO: Richard D. Fairbanks
Deposits: $12,534,600
Employees (local): 30,000 (4,400)
NOTE: Our methodology for the rankings.
