MCLEAN, VA and NEW ORLEANS – Capital One Financial Corporation and Hibernia Corporation 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.


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