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Monday, March 7, 2005 | 9:32 a.m.
Capital One Financial Corp. Chief Executive Richard Fairbank's agreement to buy Hibernia Corp. for $5.35 billion makes his company Louisiana's biggest lender and gives him a foothold in Texas.
Sunday's decision by Capital One, the nation's fifth-biggest credit-card issuer, gives the McLean, Va.-based company 314 branches in Louisiana and Texas. Hibernia agreed to receive 45 percent of the $33-a-share offer in cash and 55 percent in Capital One stock.
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