How to win the Miles

First of all, you need to be an adult resident of Texas, La., N.Y., N.J., or Conn.
Second, you either need to open a new Personal Checking Account or a new Small Business Rewards Account before the end of the day June 30 or send your info to Capital One headquarters.

Million Miles

You can also enter without opening an account by sending all of your information to Capital One via standard mail. You must mail the entry by June 30. Details here.

Prize and Account Details

You can choose between the 1 million mile prize or take $5,000 cash. You can use Capital One Miles to earn your choice of cash, travel, or merchandise.
Personal Rewards Checking is a basic, free, checking account that requires a $50 minimum account balance to start. The account comes with 1,000 miles at opening.
Small Business Rewards Checking is a free business-centric checking account that has no minimum balance requirement and comes with 1,000 starter miles.

For information on the Capital One Bank sweepstakes, click here.

Note: Deal ends June 30, 2010

Capital One, which purchased Chevy Chase Bank more than one year ago, is in the process of rebranding the bank’s physical locations as Capital One branches.

Customers won’t see changes until September

Because Chevy Chase has such a large number of branches, Capital One is starting with the basics: The bank is replacing entire Chevy Chase Bank signs with Capital One signs but leaving a Chevy Chase cover over the signage. When all of the branches have been converted (September), the new Capital One signs simultaneously will be unveiled.

The physical change will come at the same time as the conversion of Chevy Chase Bank’s system to Capital One’s system. Capital One did not release any plans to close or open more Chevy Chase Bank branches.

Consumers should not see too much change as a result of the system swap. According to the Washington Business Journal, the biggest alteration will be the changing of a few customers’ account numbers.

Capital One announces new regional leadership, positive numbers

Capital One reported Monday that more people paid off their credit card bills in April than in March. The company said April’s credit card delinquency rate was 5.07%, down from 5.30% in March. Charge-offs, which are uncollectible loans that are written off, fell to 9.68% from 10.87% one month earlier.

Capital One also announced its decision to make Adam Ostrach its market president of the Washington, D.C., area. Tony Pica was named market president for northeast Maryland, which includes the Baltimore area. Both were previously working for Capital One in New York.

Capital One Bank announced the opening of a new bank branch at West Side High School in Newark. The West Side High School branch will be Capital One Bank’s second student-run banking center in the Tri-State area.

Nine West Side High students will operate the in-school branch three days a week under the supervision of Capital One Bank management. The new in-school branch provides an opportunity for select students to work with Capital One Bank to develop practical financial knowledge and skills through a structured work environment and share what they have learned with their peers. The bank will offer tools to help students save for future financial responsibilities such as the cost of attending college, and banking services will also be available to school administrators and teachers.

“Capital One Bank developed this student-run bank branch at West Side High School as a part of our commitment to providing innovative financial education programs for the citizens of New Jersey,” said Jon Trombley, New Jersey and Virginia State Executive Vice President of Branch Banking at Capital One Bank. “Given recent economic pressures, financial literacy is more important than ever. Our goal is to help give students a solid foundation of money management knowledge and skills so that they can make wise financial choices in the future.”

Read the rest of press Release here.