The completion of Capital One's acquisition of Discover marks a significant milestone for the company and its stakeholders. This transition ushers in a new era focused on community investment through a $265 billion Community Benefits Plan. This plan, developed with leading community organizations, aims to enhance economic opportunity and financial well-being across the United States over five years.
The initiative focuses on several key areas: providing greater access to safe and affordable housing, expanding credit access for small business owners, increasing credit availability for low-to-moderate income consumers, building high-quality local infrastructure, and supporting the development of schools, civic centers, and healthcare facilities.
Capital One is committed to implementing this ambitious plan with flexibility to adapt to evolving community needs. The company is in the early stages of executing this strategy and will maintain engagement with community partners while keeping transparency about its progress. Updates will be shared annually starting from the second quarter of 2026.
Regarding immediate actions, Capital One confirms that the deployment of the Community Benefits Plan has commenced and will unfold over five years. Information about funding opportunities will be released soon. For now, no new or additional actions are required from existing or potential community partners related to the plan.
The Community Benefits Plan remains designed to address community needs but may evolve as new requirements are identified.