Banking Veteran to Spearhead Sales Operations
NEW YORK--(Business Wire)--
Capital One Financial Corporation (NYSE:COF) announced that Peter
A. Appello has joined Capital One Bank as National Sales Director for
Small Business.
As the head of the bank's National Sales team, Appello will be
responsible for the business banking sales force across the Capital
One Bank footprint. Appello will also oversee the management,
development and training of bank sales associates and work closely
with the Bank's leadership team to set the direction and priorities
for sales and other business-related activities. In this role, Appello
will report directly to Robert M. Kottler, Capital One's Executive
responsible for Small Business Banking.
A 22-year banking veteran, Appello joins Capital One from Bank of
America, where he served as the company's New York-based Regional
Sales Executive. Appello led a team of more than eighty sales and
support associates in the Greater New York Region, including four of
the top five sales teams in the Northeast Region. During his more than
eight years at Bank of America, Appello also served as Senior Vice
President and Market Executive, where he grew both loan and deposit
balances more than 100 percent from 2002 to 2006 and achieved
double-digit revenue growth annually during the same period. Prior to
Bank of America, Appello served in various management and sales
positions at Citibank, Fleet and Banc Boston.
Two members of Appello's sales team from Bank of America, Richard
Schnapper and Anthony Pica, will also join the Capital One Bank
National Sales team. Rich Schnapper, who was with Bank of America for
approximately 6 years, will be leading the sales efforts in the
metropolitan New York area (Manhattan, Bronx, Westchester and Rockland
County), and Pica, who was with Bank of America since 1997, will be
responsible for day-to-day management and special projects.
"Peter, Rich and Tony bring tremendous depth and industry
expertise to the Capital One Bank team. Their commitment to customer
service and enhancing client relationships is directly aligned with
our banking vision," said Kottler. "We are well-positioned for
continued expansion and growth, and Peter and his team will be a great
resource to support and serve our diverse customer base and further
strengthen our sales culture."
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries collectively had $87.7
billion in deposits and $148.0 billion in managed loans outstanding as
of March 31, 2008. Headquartered in McLean, Va., Capital One has 745
locations in New York, New Jersey, Connecticut, Texas and Louisiana.
It is a diversified bank whose principal subsidiaries, Capital One,
N.A., Capital One Bank (USA), N. A., and Capital One Auto Finance,
Inc., offer a broad spectrum of financial products and services to
consumers, small businesses and commercial clients. A Fortune 500
company, Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 100 index.
Capital One Financial Corporation
Diana Don, 212-580-0161
diana.don@capitalone.com
Copyright Business Wire 2008
