Capital One Financial Corp., McLean, Va., is buying North Fork Bancorporation in a cash and stock transaction valued at $14.6 billion.Under the agreement, North Fork shareholders will receive $31.18 per share, which represents a 22.8% premium over the closing price of North Fork shares on March 10. The combined company will have a managed loan portfolio of more than $143 billion and more than 50 million customers. GreenPoint Mortgage Funding, a subsidiary of North Fork, was the 20th-largest originator of home loans through the first nine months of last year, with funding volume of $32.9 billion in that period.

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