- Business
- Capital One Financial Corporation Capital One Financial Corporation (COF-PK) operates as a diversified bank holding company specializing in credit cards, consumer banking, and commercial banking services. The company provides a broad array of financial products and services, including credit and debit cards; auto loans; home loans; checking, savings, and money market accounts; online direct banking; advisory services; capital markets; treasury management; and depository services for individuals, small businesses, commercial real estate, industrial customers, and larger enterprises. It issues Visa and Mastercard credit cards as the third-largest issuer in the United States, alongside Discover-branded cards, PULSE, and Diners Club International networks following its acquisition of Discover Financial Services; conducts consumer banking through branches and digital platforms primarily in states such as New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and Washington, DC; and delivers commercial lending secured by commercial, multifamily, and industrial properties.
Founded in 1994 and headquartered at 1680 Capital One Drive in McLean, Virginia, Capital One maintains operations across the United States with additional corporate offices in Richmond, Virginia; New York, New York; Plano, Texas; Wilmington, Delaware; Chicago, Illinois; San Francisco, California; London, United Kingdom; and Toronto, Canada. The company manages a substantial corporate investment portfolio encompassing U.S. government securities, government-backed securities, and commercial securities, positioning it as the sixth-largest U.S. bank by total assets as of June 30, 2025.
In a transformative development, Capital One completed its $35.3 billion acquisition of Discover Financial Services on May 18, 2025, after receiving final regulatory approvals and shareholder approval on February 18, 2025, creating the largest U.S. credit card issuer by volume and expanding its payments network capabilities. This strategic move integrates Discover's credit card products and networks into Capital One's offerings while committing to a historic five-year, $265 billion Community Benefits Plan to mobilize lending, investment, and services for economic opportunity and financial well-being across America, developed in partnership with community organizations.