Capital One and Hibernia Reschedule Closing of Their Transaction
31 Agosto 2005 - 8:22PM
PR Newswire (US)
MCLEAN, Va. and NEW ORLEANS, Aug. 31 /PRNewswire-FirstCall/ --
Capital One Financial Corporation (NYSE:COF) and Hibernia
Corporation (NYSE:HIB) today announced that they have mutually
agreed to reschedule the planned closing of their transaction as a
result of the devastation and disruption caused by Hurricane
Katrina. The companies now expect the transaction will close on
September 7, 2005. Community Support Capital One and Hibernia are
working together to provide coordinated relief efforts to assist
Hibernia's associates, customers and the impacted communities
during this difficult time. Capital One has pledged $1 million to
the American Red Cross to aid its disaster relief efforts in areas
impacted by Katrina. Any further comments on the transaction will
be communicated by press release. About Capital One Headquartered
in McLean, Virginia, Capital One Financial Corporation
(http://www.capitalone.com/) is a financial holding company whose
principal subsidiaries, Capital One Bank, Capital One, F.S.B. and
Capital One Auto Finance, Inc. offer a variety of consumer lending
products. As of June 30, 2005, Capital One's subsidiaries
collectively had 48.9 million accounts and $83.0 billion in managed
loans outstanding. Capital One is a Fortune 500 company and,
through its subsidiaries, is one of the largest providers of
MasterCard and Visa credit cards in the world. Capital One trades
on the New York Stock Exchange under the symbol "COF" and is
included in the S&P 500 index. About Hibernia Hibernia is on
Forbes magazine's list of the world's 2,000 largest companies and
Fortune magazine's list of America's top 1,000 companies according
to annual revenue. Hibernia has $22.1 billion in assets and 321
locations in 34 Louisiana parishes and 36 Texas counties. Hibernia
Corporation's common stock (HIB) is listed on the New York Stock
Exchange. DATASOURCE: Capital One Financial Corporation; Hibernia
Corporation CONTACT: Investor Relations: Mike Rowen of Capital One
Financial Corporation, +1-703-720-2455; Media Relations: Tatiana
Stead of Capital One Financial Corporation, +1-703-720-2352, or
Steven Thorpe of Hibernia Corporation, +1-504-533-2753 Web site:
http://www.capitalone.com/
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