Chevy Chase Bank Company Description
Chevy Chase Bank is ready for prime time. The savings bank operates approximately 200 branches and 1,000 ATMs in the Washington, DC area, offers traditional deposit products such as checking and savings accounts, CDs, and IRAs, in addition to investment management services, insurance, and credit cards. Its loan portfolio is dominated by residential mortgages (more than 80% of all loans) and also includes consumer, commercial, and construction loans. In 2009 Capital One bought Chevy Chase Bank for some $520 million in cash and stock; the transaction created the largest retail bank network based in the DC area.
View the Comprehensive Company Description for Chevy Chase Bank
The Company Description provides a historical perspective of Chevy Chase Bank's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Chevy Chase Bank's evolution in the marketplace.
