FALLS CHURCH, Va. - Capital One Financial Corp. has granted a stock option to each of its roughly 2,100 full-time employees.

Called OneGrant, the program lets an employee buy up to 200 shares of the company at its fair market value as of March 28, when its shares had an average trading price of $19.31.

Richard D. Fairbank, chairman and chief executive officer, said, "We believe that actually having a stake in the company will help all associates to think and act like owners."

Capital One, recently spun off from Signet Banking Corp., is a financial services company with more than five million credit card customers and more than $7 billion of managed loans.

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