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Banking | Finance 2025: FAIRBANK, RICHARD

CO-FOUNDER, CEO AND CHAIRMAN , CAPITAL ONE FINANCIAL, MCLEAN

Virginia Business //September 2, 2025//

Banking | Finance 2025: ASBURY, JOHN C.
Banking | Finance 2025: ASBURY, JOHN C.

Banking | Finance 2025: FAIRBANK, RICHARD

CO-FOUNDER, CEO AND CHAIRMAN , CAPITAL ONE FINANCIAL, MCLEAN

Virginia Business //September 2, 2025//

After earning an economics degree and an MBA from Stanford University, Fairbank landed at Virginia’s Signet Bank, where he co-created the business that became , the Fortune Global 500 credit card giant.

Fairbank became CEO in 1994 during Capital One’s initial public offering. In 2024, the bank reported $39.1 billion in revenue, a 6.3% increase over 2023. With $490.1 billion in assets at the end of last year, Capital One is the nation’s ninth largest bank.

In May, Capital One Financial completed its $35.3 billion acquisition of Discover Financial Services, finalizing the blockbuster merger of the credit card giants announced last year. Just before the deal closed, Capital One agreed to pay $425 million to settle with 360 Savings account customers who were suing the bank, claiming they were misled and prevented from benefiting from available higher earning interest rates.

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