Capital One Names Suzanne Hammett Executive Vice President and Chief Commercial Credit Risk Officer.Veteran Risk Officer to focus on Commercial Banking MCLEAN, Va. -- Capital One Financial Corporation (NYSE NYSE See: New York Stock Exchange :COF) today announced the appointment of Suzanne Hammett as Executive Vice President and Chief Commercial Credit Risk Officer. With more than 25 years of experience in banking and credit risk management, Hammett will work with John Bohslen, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and Head of Commercial Banking, to help grow Capital One's commercial banking business while ensuring that the portfolio continues to meet Capital One's high credit standards Credit Standards The guidelines a company follows to determine whether a credit applicant is creditworthy. . Hammett will officially join Capital One on February 12, 2007 and will report directly to Chief Risk Officer Peter Schnall. Hammett will be responsible for monitoring and maintaining the policies, metrics and procedures that will support a sound and profitable commercial portfolio as the portfolio grows. She will also oversee the continuing integration of credit practices across Capital One's southern commercial banking franchise, the recently acquired North Fork North Fork, river, c.100 mi (160 km) long, rising in the Ozarks, S Mo., and flowing S, into N Ark., to the White River. Near its mouth is Norfolk Dam (completed 1944), which impounds Norfolk Lake and has a power plant. franchise, and legacy Capital One. "We are very pleased that Suzanne will be joining us. Her deep credit experience and knowledge will be a valuable asset as Capital One continues to expand in commercial banking," said John Kanas, President of Capital One's banking segment. "Suzanne is a great addition to our team and brings a wealth of experience in merging and integrating risk management practices, policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental . Her role at the bank exemplifies Capital One's across the board commitment to top-quality risk management," said Schnall. Hammett spent more than 25 years in various line and staff leadership roles at J.P. Morgan Chase and its predecessor companies, Chase Manhattan and Chemical Bank. In her last position, she was Executive Vice President and Chief Credit Policy Officer and was responsible for formulating firm-wide credit policy and was the primary interface on credit issues with regulators, rating agencies, and the JPMC JPMC JP Morgan Chase JPMC Jinnah Postgraduate Medical Centre (Karachi, Pakistan) Board of Directors. In 2005, Hammett joined the Radian Group as Executive Vice President and Chief Risk Officer and was responsible for building a unified risk culture across the company's Mortgage Insurance and Financial Guaranty business units. Hammett graduated from Wellesley College and completed the Harvard Management training Program for Senior Mangers. About Capital One Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company with more than 700 locations in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Connecticut, Texas and Louisiana, that offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., Capital One, N.A., and North Fork Bank North Fork Bank was an American bank headquartered in Melville, New York purchased by Capital One at the end of 2006 for $14.6 billion U.S. dollars. It was only the second bank bought by Capital One, and was the larger of two acquisitions comprising Capital One's 2005-06 expansion collectively had $85.8 billion in deposits and $146.2 billion in managed loans outstanding as of December 31, 2006. Capital One, a Fortune 500 company, trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "COF" and is included in the S&P 100 index. |
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