Peter E. Raskind Joins the Capital One Board of Directors
January 31 2012 - 3:15PM
Business Wire
Capital One Financial Corporation (NYSE: COF) today announced
that Peter E. Raskind has been appointed to the company's Board of
Directors. Raskind, former Chairman, President and Chief Executive
Officer of National City Corporation, will fill a newly created
seat on the Board, and will join the class of directors whose
nominations will be submitted for election by Capital One
stockholders in May 2012. Raskind will join the Board’s Audit and
Risk Committee.
"I am very pleased to welcome Peter to our Board," said Richard
D. Fairbank, Chairman and Chief Executive Officer of Capital One.
"With more than three decades of banking expertise and leadership
skills that span a broad spectrum of endeavors, Peter brings
further depth and perspective to our Board. He will make an
excellent addition and will be a valuable resource for our
company."
With more than thirty years of commercial banking experience,
Raskind is currently a consultant to banks and private equity bank
investors. Until its merger with the PNC Financial Services Group
in December 2008, Raskind served as Chairman, President and Chief
Executive Officer of National City Corporation. He was named
Chairman in December 2007, Chief Executive Officer in July 2007 and
was also a director of the company from January 2007.
Raskind began his career with National City in 2000, was
appointed Vice Chairman in 2004 and became President in December
2006. Prior to National City, Raskind had a 17-year career with US
Bancorp/First Bank System and first launched his banking career
with Harris Bank in 1979.
Raskind has served as a Director of United Community Banks,
Inc., Director of Visa USA, Visa International and Inovant, L.L.C.
Raskind has also served on the Board of Directors of the Consumer
Bankers Association and has been a member of the Financial Services
Roundtable.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries, which include Capital
One, N.A. and Capital One Bank (USA), N. A., had $128.2 billion in
deposits and $206.0 billion in total assets outstanding as of
December 31, 2011. Headquartered in McLean, Virginia, Capital One
offers a broad spectrum of financial products and services to
consumers, small businesses and commercial clients. 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.
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