Chevy Chase Bank

Chevy Chase Bank, F.S.B.
Company typePrivate
Founded1955 (1955)
FounderB. F. Saul II
DefunctSeptember 10, 2010 (2010-09-10)
FateAcquired by Capital One
SuccessorCapital One (known as Capital One Bank)
Headquarters,
Number of locations
292 (Jun. 30, 2008)[1]
Area served
Washington Metropolitan Area
Total assets$18.3 billion (Mar. 31, 2009)[2]
Number of employees
4,381 (Dec. 31, 2007)[2]
Websitewww.chevychasebank.com

Chevy Chase Bank, F.S.B. was the largest locally based banking company in the Washington Metropolitan Area.[3] It was acquired by Capital One in February 2009, and rebranded as Capital One Bank in September 2010. Despite its name, Chevy Chase Bank was a federally chartered thrift regulated by the Office of Thrift Supervision, rather than a bank.

It was formerly held and controlled by the B. F. Saul Real Estate Investment Trust; B. Francis Saul II, who founded the REIT and is the grandson of the founder of the B. F. Saul Company, served as its chairman.[4]

  1. ^ Federal Deposit Insurance Corporation (June 30, 2008). "Summary of Deposits". Archived from the original on July 21, 2011. Retrieved 2009-08-21.
  2. ^ a b Federal Deposit Insurance Corporation. "Institution Directory: Chevy Chase Bank, F.S.B." Archived from the original on 2010-06-16. Retrieved 2009-08-21.
  3. ^ The Washington Post. "2007 Post 200: Chevy Chase Bank, FSB". Archived from the original on June 29, 2007.
  4. ^ "Chevy Chase Bank 2007 Annual Report" (PDF). Archived from the original (PDF) on 2008-07-08. Retrieved 2008-05-12.

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