June 19, 2007 -- Capital One Financial Corporation announced today that it will redeem in full the Coastal Capital Trust I 2,000,000 9% Cumulative Trust Preferred Securities, CUSIP 190428201). The redemption will occur on June 30, 2007. The redemption price will be $25 for each unit, plus accrued and unpaid interest. On June 30, the Redemption Price will become due and payable, and interest on the securities will no longer accrue. Payment of the Redemption Price for the TPS will be made upon presentation and surrender of the TPS to The Bank of New York.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Coastal Capital Trust I, 9.00% Cumulative Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Coastal Bancorp Inc. (NNM: CBSA), redeemable at the issuer's option on or after 6/30/2007 at $25 per share plus accrued and unpaid dividends, maturing 6/30/2032, distributions of 9.00% ($2.25) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9.00% Junior Subordinated Deferrable Interest Debentures due 6/30/2032 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NNM Chart	9.00% $2.25	$25.00 $25.00	Called for 6/30/2007 6/30/2032	NR A+ 2/20/2006	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   5718 Westheimer, Suite 600, Houston, TX 77057
Main Phone Number	713-435-5000
Fax Number	713-435-5106
Investor Contact (CFO)   Catherine N. Wylie	713-435-5327
Toll Free Phone Number	800-964-2272

CEO - Manuel J. Mehos

CFO - Catherine N. Wylie