Capital One Commits $1 Million in Support for Hurricane Sandy Relief and Recovery Efforts

MCLEAN, Va.--(BUSINESS WIRE)--Capital One today announced a $1 million commitment to support Hurricane Sandy relief efforts. Capital One’s cash contributions include $200,000 in emergency relief grants and an additional $600,000 to support longer-term recovery efforts and will also match up to $200,000 in contributions made by customers through the Capital One No Hassle Giving site.

“Local non-profits and community based organizations will be providing critical assistance in the coming days, weeks and months, and we are committed to do everything we can to help our customers and local communities recover and rebuild from this devastating event.”

Capital One’s commitment includes $200,000 in emergency relief grants to national and local organizations providing immediate on the ground support for relief efforts. The organizations receiving assistance from Capital One include AmeriCares, Global Giving, local NY, NJ and Delaware Red Cross chapters, the Virginia Disaster Relief Fund and the Community Foundation of the National Capital Region.

Capital One will also provide $600,000 in grants to aid in the longer-term recovery efforts in areas of New York and New Jersey that were devastated by the storm. This will include support for local organizations assisting families, communities and small businesses as they work to rebuild from the devastation caused by this unprecedented event.

“Capital One considers itself a part of many of the communities that were hardest hit by this disaster. We are grateful to the first responders who have put themselves in harm’s way and our thoughts are with the individuals, families and communities who have been impacted by the storm,” said Michael Slocum, Northeast Regional President, Capital One Bank. “Local non-profits and community based organizations will be providing critical assistance in the coming days, weeks and months, and we are committed to do everything we can to help our customers and local communities recover and rebuild from this devastating event.”

Working in partnership with local non-profit organizations, Capital One associates will also assist in immediate and long-term recovery efforts, through company-matched monetary contributions and donations to area food banks, by providing disaster kits and other assistance to shelters in impacted areas, and volunteer efforts to assist in local clean-up and neighborhood rehabilitation.

Capital One also has assistance and support available to customers affected by the storm and encourages customers who may be experiencing unexpected financial challenges due to the storm to contact the company with any questions or concerns. Capital One customers can call the number on their cards or statements, or reach out to @askcapitalone on Twitter.

Capital One also reminds its credit and debit cardholders that they can contribute to Hurricane Sandy relief efforts by donating through the Capital One No Hassle Giving Site (https://www.capitalone.com/give). Launched in 2008 in partnership with Network for Good, the site allows Capital One cardholders to donate cash or credit card rewards to more than 1.2 million U.S. charities, including organizations supporting disaster relief efforts. For all cardholder donations made through the Giving Site, Capital One covers the transaction fees associated with online transactions so that 100% of our cardholders’ donations get to their charity of choice. Through November 9, 2012, Capital One will match gifts made to the American Red Cross and Voluntary Organizations Active in Disaster (VOAD) through the No Hassle Giving Site up to $200,000.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., Capital One Bank (USA), N. A., and ING Bank, fsb, had $213.3 billion in deposits and $302.0 billion in total assets outstanding as of September 30, 2012. Headquartered in McLean, Virginia, Capital One and ING Direct offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.