Capital One Acquires Provider of Home Equity Loans

January 17, 2005, 1:00 a.m. EST 1 Min Read

Capital One Financial Corp., one of the largest credit card banks in the country, agreed last week to acquire eSmartloan, a provider of home equity loans, from the company's management and National Bank of Kansas City, for $155 million. eSmartloan, based in Overland Park, Kan., is expected to post $1 billion in home equity loans for 2004. Capital One is the nation's second largest credit card-only bank, with more than $70 billion in assets.

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