A New Chapter of Community Investment

The completion of Capital One’s acquisition of Discover is a historic milestone that marks the beginning of a new chapter for our company, our partners, and the communities we serve. 

At the heart of this next chapter for our communities is our $265 billion Community Benefits Plan. Developed in collaboration with leading community organizations, this five-year plan expands lending, investment, and services that advance economic opportunity and financial well-being across the country.

Through this plan, we will mobilize lending, investments, and financial services to:

• Enable greater access to safe and affordable housing

• Expand access to credit so small business owners can sustain and grow their businesses

• Increase access to credit for Low-to-Moderate income (LMI) consumers

• Build high-quality local infrastructure to facilitate the delivery of essential services, and

• Support the development of schools, civic centers, and healthcare facilities that are vital to building strong and vibrant communities

This plan is ambitious and deeply intentional. It was designed with flexibility in mind to meet the evolving needs of the communities we serve.

Capital One is in the early stages of implementation and will continue to engage with community partners, listen to local needs, and remain transparent about progress.

We will share updates on an annual basis each year beginning in the second quarter of 2026.

Will Capital One deploy the $265 billion Community Benefits Plan now?
Yes. The process of implementing the plan has begun, and will continue over the course of the next five years. 

Can I apply for funding now?
Information about funding and grant availability will be forthcoming. 

When will more information be available?
Additional information will be shared in the coming months as implementation begins.  For now, existing and potential community partners are not required to take any new or additional action related to Capital One’s CBP. 

Has the plan changed since it was first announced?
Our Community Benefits Plan was designed to meet the needs of the communities and could evolve if new needs are identified.