Capital One Expansion to Create 800 Additional Jobs in Dallas/Fort Worth; Companies Lease Additional Space in Dallas/Fort Worth Metroplex

Apr 14, 1999, 01:00 ET from Capital One Services, Inc.

    FALLS CHURCH, Va., April 14 /PRNewswire/ -- Capital One Services, Inc.
 (NYSE:   COF) announced plans to hire an additional 800 associates in the
 Dallas/Fort Worth area. The additional employees will work out of a new
 120,000 square foot site the Company is leasing in Irving (Dallas County) that
 is expected to be operational by the end of the year.  Capital One currently
 employs approximately 1,000 associates at its facility on Amon Carter
 Boulevard, just south of the Dallas/Fort Worth airport.
     In the interim, the Company leased temporary space (also located in
 Irving) that will be operational immediately. Both facilities will function as
 customer contact centers -- to support a number of different business
 functions, including customer relations and collections.
     Mitch Beres, director of Capital One's Dallas/Fort Worth facility, said,
 "Capital One is on a growth trajectory -- currently adding more than 15,000
 new customers a day -- and we need lots of talented associates to help us take
 care of our customers. Our Metroplex center is full of outstanding associates
 and we are confident that we'll continue to attract the best and the brightest
 to join Capital One."
     Summit Acceptance Corporation, a subsidiary of Capital One also based in
 the Dallas/Fort Worth area, is also hiring associates. Summit's offices will
 be moving to a larger site located off the Dallas Parkway in Plano, Texas.
     In addition to the Texas expansion, Capital One recently announced plans
 to expand in Virginia and Washington State. Capital One currently employs more
 than 11,000 associates worldwide, with locations in Virginia, Texas, Florida,
 Washington State, Massachusetts and the United Kingdom. Capital One is hiring
 in all its locations; those interested in opportunities are invited to call
 the Company's hiring line, 1-800-77-HIRE-1, or to visit the Company's Web
     Capital One Financial Corporation is one of the fastest-growing, most
 profitable companies in the United States. Using its proprietary
 Information-Based Strategy to generate constant innovation, Capital One has
 quickly become one of the world's largest issuers of credit cards and a direct
 marketer of consumer lending products. It is also a pioneer in the direct
 marketing of wireless phone service. As of December 31, 1998, the Company had
 $17.4 billion in managed loans and 16.7 million customers in the United
 States, United Kingdom and Canada. Capital One trades on the New York Stock
 Exchange (NYSE:   COF) and is included in the S&P 500 Index. Fortune magazine
 ranked Capital One #41 on its 1999 list of the 100 Best Places to Work and was
 named #15 on Business Week's list of the top 50 performers on the S&P 500.

SOURCE Capital One Services, Inc.