The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Capital One in Va. merges bank subsidiaries

Capital One Financial in McLean, Va., has merged its two banks into a single subsidiary.

The $435.3 billion-asset company disclosed in a regulatory filing that it merged Capital One Bank (USA) into Capital One NA.

Capital One NA is the surviving entity.

Capital One NA had $388.4 billion of assets on June 30, while Capital One Bank had $126.7 billion of assets.

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