New investment includes a $2M lending facility and over $6M in philanthropic and pro bono support, advancing Capital One’s $600M commitment to CDFIs under its Community Benefits Plan 

Washington, DC — September 24, 2026 — Capital One and the National Association for Latino Community Asset Builders (NALCAB) today announced an expansion of their longstanding partnership designed to increase the flow of affordable capital to low-and moderate-income communities nationwide. Through NALCAB’s network of more than 200 nonprofit lenders and community development organizations, the investment will support small business growth, affordable housing and community facilities while strengthening the capacity of Community Development Financial Institutions (CDFIs). 

CDFIs play a critical role in connecting communities with the capital and financial resources needed to grow. With a strong track record of directing financing where it can have meaningful impact, NALCAB and its member CDFIs are particularly well positioned to help entrepreneurs expand their businesses, families build financial opportunity and communities invest in their futures. 

The partnership combines a $2 million, five-year line of credit facility with $6.4 million in philanthropic support and targeted pro bono expertise from Capital One. NALCAB will utilize the Capital One facility to finance loans to CDFIs in its member network. These CDFIs will finance the launch and expansion of small businesses and develop affordable housing, mixed-use commercial, and community facilities. 

“CDFIs possess the unique, on-the-ground expertise needed to deploy capital down and into communities,” said Kerone Vatel, Senior Vice President, Head of Community Finance, Impact & Investment at Capital One. “Our deepened partnership with NALCAB reflects our shared commitment to ensuring community lenders have both the flexible financing and organizational infrastructure needed to support the building blocks of stable, thriving communities.”  

This investment signifies progress in Capital One’s broader $265 billion Community Benefits Plan (CBP), which includes a commitment to deploy $500 million in new capital and a $50 million increase in philanthropic grants to support CDFIs. NALCAB represented its network of over 200 members by serving as a key negotiating partner to shape the development of the CBP, and NALCAB President and CEO Marla Bilonick serves on Capital One’s Community Advisory Council. 

“Small businesses and community organizations in neighborhoods across the country are vital drivers of economic growth, yet barriers to affordable capital persist,” said Marla Bilonick, President and CEO of NALCAB. “Capital One’s investment provides our national network with the runway needed to expand lending, strengthen local infrastructure, and build generational wealth.”  

Investing Beyond Capital: Infrastructure & Leadership 

Capital One’s holistic investment has helped to strengthen the long-term operational and executive capacity of NALCAB and its member network. This includes: 

• Revolving Loan Fund Expansion: Supporting NALCAB’s national revolving loan program, where loan repayments and interest income are continuously redeployed to create a self-sustaining flow of capital for community lenders. 

• Data & Operating Infrastructure: Funding data modernization, staffing, and analytical capacity to strengthen NALCAB’s overall loan management, underwriting, and risk management systems. 

• Executive Leadership Development: Supporting two signature NALCAB senior talent development initiatives. The programs provide leadership development training for presidents, CEOs, and executive directors leading nonprofits and enable peer networking and learning within the community asset-building field. 

• Pro Bono Capacity Building: Capital One associates completed three pro bono technical assistance projects providing specialized support in technology implementation and cybersecurity resilience. 
   
  “Directing capital through trusted intermediaries like NALCAB ensures capital reaches the heart of under-served communities,” said Desiree Francis, Managing Vice President and Head of Community Finance at Capital One. “This blended investment of debt, philanthropy, and technical expertise provides intermediaries with the resources and tools needed to scale their capacity and deliver impact.” 
   
  Capital One has invested in CDFIs for more than two decades through lending, philanthropy, skills based pro bono and advocacy designed to expand economic opportunity and strengthen local communities nationwide. This expanded partnership with NALCAB reflects the company’s long-term strategy to scale community development across the country. 
   
  

About NALCAB 
 
NALCAB is a one-of-a-kind CDFI intermediary with 200+ member CDFI and economic development nonprofit organizations working to maximize the economic contributions of the Latino population to the U.S. economy. NALCAB’s network reaches communities in all 50 states, Washington, D.C., and Puerto Rico. Learn more at nalcab.org.  
 
About Capital One 
 
Capital One Financial Corporation (NYSE: COF) is a leading technology-based financial services company with $484.3 billion in deposits and $673.8 billion in total assets as of June 30, 2026. Headquartered in McLean, Virginia, the company operates as a premier global payments provider and diversified financial institution, delivering a broad suite of products and consumer lifestyle and shopping experiences through its Credit Card, Consumer Banking including its Global Payment Network, and Commercial Banking lines of business. As the only major U.S. bank to migrate entirely to the public cloud, Capital One leverages proprietary data and advanced analytics to democratize financial tools across its primary markets in the United States, Canada, and the United Kingdom. 
 
For more information, visit www.capitalone.com, www.capitalone.com/about/newsroom/, and www.investor.capitalone.com.