WASHINGTON (MNI) – The following was issued late Friday by the
Federal Reserve:

The Federal Reserve Board on Friday announced that it will hold
three public meetings on the notice by Capital One Financial
Corporation, McLean, Virginia, to acquire ING Bank, Wilmington,
Delaware, and indirectly to acquire shares of Sharebuilder Advisors,
LLC, and ING Direct Investing, Inc., both of Seattle, Washington
(collectively, ING). The Federal Reserve Board also announced that it
is extending the period for public comment on the proposal through
Wednesday, October 12.

The purpose of these meetings, to be held in Washington, D.C.,
Chicago, and San Francisco, is to collect information related to the
factors the Board is required to consider under the Bank Holding Company
Act. These factors are whether the acquisition can be expected to
produce benefits to the public, such as greater convenience, increased
competition, and gains in efficiency, that outweigh possible adverse
effects, such as undue concentration of resources, decreased or unfair
competition, conflicts of interests, unsound banking practices, and risk
to the stability of the U.S. banking or financial system. The Federal
Reserves review also includes an evaluation of the financial and
managerial resources of the acquiring firm. In addition, in acting on a
notice to acquire a savings association, the Board also reviews the
records of performance of the relevant insured depository institutions
under the Community Reinvestment Act.

Meeting details are:

— Washington, D.C. — Tuesday, September 20, 2011, beginning at
8:30 a.m. EDT, at a location to be determined.

— Chicago – Tuesday, September 27, 2011, beginning at 8:30 a.m.
CDT, at the Federal Reserve Bank of Chicago, 230 South LaSalle Street,
Chicago, IL.

— San Francisco – Wednesday, October 5, 2011, beginning at 8:30
a.m. PDT, at the Federal Reserve Bank of San Francisco, 101 Market
Street, San Francisco, CA.

All persons wishing to testify at the public meeting in Washington
must submit a written request to Kimberly Zeuli, Vice President and
Community Affairs Officer, Federal Reserve Bank of Richmond, 701 East
Byrd Street, Richmond, VA 23261 (email: caorichmondfed@rich.frb.org;
facsimile: 804/697-5460) no later than 5:00 p.m. EDT on September 9,
2011.

All persons wishing to testify at the public meeting in Chicago
must submit a written request to Alicia Williams, Vice President,
Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, IL
60604 (email: ccaevents@chi.frb.org; facsimile: 312/913-2626) no later
than 5:00 p.m. CDT on September 15, 2011.

All persons wishing to testify at the public meeting in San
Francisco must submit a written request to Scott Turner, Vice President
and Community Affairs Officer, Federal Reserve Bank of San Francisco,
101 Market Street, Mail Stop 215, San Francisco, CA 94105 (email:
scott.turner@sf.frb.org; facsimile: 415/393-1920) no later than 5:00
p.m. PDT, September 23, 2011.

The request to testify must include the following information: (i)
the location of the meeting the participant wishes to attend; (ii) a
brief statement of the nature of the expected testimony (including
whether the testimony will support or oppose the proposed transaction or
provide other comment on the proposal) and the estimated time required
for the presentation; (iii) the address and telephone number (and e-mail
address and facsimile number, if available) of the individual
testifying; and (iv) the identification of any special needs, such as
translation services, physical disabilities requiring assistance, or
presentations requiring visual aids. Translators will be provided to the
extent available if noted in the request to testify. Individuals
interested only in attending a meeting, but not testifying, need not
submit a written request. The Federal Reserve will prepare a schedule
for participants wishing to testify from the requests received for each
meeting and establish the order of presentation. To ensure an
opportunity for all interested commenters to present their views, the
Federal Reserve may limit the amount of time allotted to each
presentation. Persons not listed on the schedule may be permitted to
speak at the public meeting, if time permits, at the conclusion of the
schedule of witnesses, in the discretion of the Federal Reserve. Copies
of testimony may, but need not, be filed before a participants
presentation.

** Market News International Washington Bureau: 202-371-2121 **

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