Credit Card Giant Expands Into HomeEquity Lending

Register now

McLEAN, Va. - (12/20/04 -- Capital One Financial Corp., one ofthe largest credit card banks in the country, agreed last week toacquire eSmartloan, a provider of home equity loans, from thecompany's management and National Bank of Kansas City, for $155million. eSmartloan, based in Overland Park, Kan., is expected topost $1 billion in home equity loans for 2004. Capital One is thenation's second largest credit card-only bank, with more than $70billion in assets.

For reprint and licensing requests for this article, click here.