February 14, 2012
Federal Reserve Board announces its approval of the notice by Capital One Financial Corporation ("Capital One") to acquire ING Bank
For immediate release
The Federal Reserve Board on Tuesday announced its approval of the notice by Capital One Financial Corporation, McLean, Virginia ("Capital One"), to acquire ING Bank, fsb, Wilmington, Delaware, and thereby indirectly acquire shares of ShareBuilder Advisors, LLC and ING Direct Investing, Inc., both of Seattle, Washington.
The Board's action directed Capital One to take specific steps to ensure that its risk-management functions, including compliance, are commensurate with its new size and complexity.
Attached is the Board's Order relating to this action.
For media inquiries, call 202-452-2955.