Explore Jobs
Find Specific Jobs
Explore Careers
Explore Professions
Best Companies
Explore Companies
Capital One history
Capital One company history timeline
The new company was led by Richard Fairbank. It was formed in 1994.
1995: The spinoff is renamed Capital One Financial Corporation.
1996: The company starts doing business in Canada and the United Kingdom.
In 1996, Capital One moved from relying on teaser rates to generate new clients to adopting more innovative techniques that would attract more customers to their business model.
In 1996, Capital One expanded its business operations to the United Kingdom and Canada.
An article appearing in Chief Executive in 1997 noted that the company held $12.6 billion in credit card receivables and served more than nine million customers.
In July 1998, Capital One acquired auto financing company Summit Acceptance Corporation.
With the purchase of Summit Acceptance Corp. in 1998, Capital One entered the automobile finance business.
The company was listed in the Standard & Poor's 500, and its stock price hit the $100 mark for the first time in 1998.
The hitherto glowing reports by Capital One dimmed somewhat in 1999.
In addition, subprime credit card issuers were being hurt by rising interest rates in mid-1999, but Capital One said that it had already been going after more affluent superprime borrowers, attempting to balance out its loan portfolio.
In 1999, Capital One was looking to expand beyond credit cards.
Capital One began a concerted effort to boost brand recognition in 2000.
Since its IPO, Capital One had more than quadrupled its earnings, according to Forbes, growing to $470 million in 2000 on credit card receivables of $30 billion.
2000: Capital One is added to the Fortune 500 list.
According to Forbes, it is considered one of the top 2000 largest public companies in the world.
In October 2001, PeopleFirst Finance LLC was acquired by Capital One.
During 2001, the company ranked high on a number of "best places to work" lists.
Capital One revealed, about mid-July 2002, that the Federal Reserve Board and the Office of Thrift Supervision had taken informal action regarding the company's infrastructure.
But more negative news came in October 2002, when Capital One announced that it anticipated a drop-off in growth and a jump in the chargeoff rate.
Rate how well Capital One lives up to its initial vision.
Capital One jobs
Do you work at Capital One?
Does Capital One communicate its history to new hires?
Capital One competitors
Company Name  | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Bank of America | 1998 | $85.5B | 200,000 | 6,675 |
| Wells Fargo | 1852 | $2.4B | 268,531 | 3,005 |
| American Express | 1850 | $36.1B | 63,700 | 713 |
| Fifth Third Bank | 1858 | $7.7T | 19,846 | 1,052 |
| Discover | 1985 | $13.0B | 17,600 | 278 |
| HSBC Bank | 1880 | $5.2B | 15,650 | 86 |
| Citi | 1812 | $74.3B | 210,000 | 3,668 |
| JPMorgan Chase & Co. | 2000 | $2.4B | 255,351 | 9,788 |
| Commerce Bank | 1865 | $1.4B | 4,766 | 195 |
| U.S. Bank | 1863 | $202.1M | 70,000 | 3,070 |
Capital One history FAQs
Zippia gives an in-depth look into the details of Capital One, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Capital One. The employee data is based on information from people who have self-reported their past or current employments at Capital One. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Capital One. The data presented on this page does not represent the view of Capital One and its employees or that of Zippia.
Capital One may also be known as or be related to Capital One, Capital One Financial Corporation, Capital One Securities, Inc., capital one bank and capital one, n.a.