SIOUX FALLS, SD – Senator Tim Johnson, Chairman of the Senate Banking Committee, attended a ribbon cutting ceremony today highlighting Capital One’s addition of 400 new jobs at its domestic card facility in Sioux Falls. This expansion was announced in conjunction with Capital One’s acquisition of HSBC's domestic credit card business in Sioux Falls.  These jobs will be added to the workforce of 400 former HSBC employees that were transitioned to Capital One – bringing the total to 800 positions at the Sioux Falls facility.

“We welcome Capital One to South Dakota,” said Sen. Johnson.  “It is no surprise that Capital One recognized what I have long known – South Dakota offers an outstanding business environment and a talented and well-educated workforce.”

Last August, Capital One announced its intention to acquire HSBC’s domestic credit card business.  Following the announcement, Chairman Johnson worked closely with Governor Daugaard to encourage Capital One to maintain and expand its workforce in South Dakota.  Following this coordination, the Governor’s Office of Economic Development announced it would award a $200,000 grant to help train new employees to encourage Capital One to stay in South Dakota. 

“As Chairman of the Senate Banking Committee, I was pleased to have had the opportunity to work with Capital One and the Governor to help facilitate Capital One's expansion to the state.  It is terrific that Capital One is doubling the number of employees at the facility,” Senator Johnson concluded. 

The new positions are high-quality jobs that will support hundreds of families and help keep South Dakota’s economy growing.  The new positions will include customer contact agents, supervisors, trainers, managers, and support staff.

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