SOURCE: Operation HOPE, Inc.

December 24, 2007 18:02 ET

Capital One Signs Onto Operation HOPE's "Silver Rights" Campaign to Empower U.S. Youth Through Banking on Our Future Program

$30,000 Investment and Volunteerism to Support Organization's Financial Literacy Efforts in New York, Denver and California

LOS ANGELES, CA--(Marketwire - December 24, 2007) - Supporting Operation HOPE's (HOPE) mission to inspire the next generation of economic stakeholders, credit and financial services leader Capital One is investing $30,000 in HOPE's Banking on Our Future youth program, as well as classroom volunteer activities in several states across the country.

Supportive of organizations who share their commitment to helping businesses and individuals realize their goals, Capital One currently has several programs they're involved in. At a student-run branch at North Fork Bank in New York, for example, youth are given the opportunity to work in a bank environment and actually hone their business and financial literacy skills.

Outside the New York area, associates at Capital One in Denver and California will now have an opportunity to instruct students ages 9-18 in HOPE's four-module curriculum, which covers the basics of banking, money management, savings, and investments.

"Capital One is dedicated to providing quality financial education programs to help students learn how to build their financial lives," stated Lynn Pike, president of Capital One Banking. "We believe that through HOPE's Banking on Our Future program, we are providing a solid financial education to students today that will help build a strong, global economy tomorrow."

Banking on Our Future works in partnership with local education systems at no cost to schools. Having educated more than 255,000 students at almost 500 schools and community-based organizations nationwide over the last 10 years, the program has received Oprah Winfrey's "Use Your Life Award" and the U.S. Treasury Department's John Sherman Award for Financial Literacy Excellence.

"We applaud Capital One's desire to help impact the lives of hundreds of young people through our 'silver rights' financial literacy initiatives," said John Hope Bryant, Operation HOPE founder, chairman and chief executive officer. "We also appreciate Lynn Pike's valued service over the years on HOPE's national and executive board, along with her service as a national board liaison to our Northeastern board."

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation is a financial holding company, with 732 locations in New York, New Jersey, Connecticut, Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $83.3 billion in deposits and $146.4 billion in managed loans outstanding as of September 30, 2007. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index. For more detail visit http://www.capitalone.com.

About Operation HOPE, Inc.

Operation HOPE, Inc. (HOPE) is America's leading nonprofit social investment banking and financial literacy empowerment organization. Through several global initiatives and its three principal programs: Banking on Our Future (teaching school children about money), HOPE Coalition America (financial emergency preparedness and disaster recovery), and the HOPE Center Banking Network (loans, bill pay, computer literacy, understanding banking principles), HOPE is leading the "silver rights" movement towards making free enterprise and capitalism relevant to all underserved communities. For more information, visit us at http://www.operationhope.org.

Contact Information

  • Contact:
    Kevin Ross, Esq.
    213.891.2900

    Sherry T. John
    213.891.2908