M&A Deal Summary

Capital One Acquires North Fork Bancorp.

On December 1, 2006, Capital One acquired financial services company North Fork Bancorp. for 13.2B USD

Acquisition Highlights
  • This is Capital One’s 6th transaction in the Financial Services sector.
  • This is Capital One’s 2nd largest (disclosed) transaction.
  • This is Capital One’s 5th transaction in the United States.
  • This is Capital One’s 1st transaction in New York.

M&A Deal Summary
Date 2006-12-01
Target North Fork Bancorp.
Sector Financial Services
Buyer(s) Capital One
Deal Type Add-on Acquisition
Deal Value 13.2B USD
Advisor(s) Sandler O'Neill + Partners LP
Keefe, Bruyette, & Woods, Inc. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

North Fork Bancorp.

Melville, New York, United States
North Fork Bancorp., Inc. provides a broad range of deposit and lending services for consumer, commercial, and small business customers.

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Buyer(S) 1

Buyer

Capital One

McLean, Virginia, United States

website

Category Company
Founded 1988
Sector Financial Services
Employees56,100
Revenue 34.3B USD (2022)
DESCRIPTION
Capital One's headquarters in McLean, Virginia.
Capital One's headquarters in McLean, Virginia.

Capital One Financial is a diversified financial services holding company with banking and non-banking subsidiaries. Capital One Financial Corporation and its subsidiaries offer a broad array of financial products and services to consumers, small businesses and commercial clients through branches, the internet and other distribution channels. Capital One was incorporated in 1988 and is based in McLean, Virginia.

DEAL STATS #
Overall 6 of 23
Sector (Financial Services) 6 of 14
Type (Add-on Acquisition) 5 of 19
State (New York) 1 of 2
Country (United States) 5 of 22
Year (2006) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-16 Hibernia

New Orleans, Louisiana, United States

Hibernia Corporation provides a range of financial products and services in Louisiana and Texas.Hibernia is on Forbes magazine's list of the world's 2,000 largest companies and Fortune magazine's list of America's top 1,000 companies according to annual revenue.

Buy $4.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-19 ShareBuilder

Seattle, Washington, United States

ShareBuilder Corp. is an investing site and mobile application to help consumers trade stocks.

Buy -
Mergr

Product

Company

Legal