Chevy Chase Bank, F.S.B. · Bethesda, MD United States
Company Description
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This link will open in a new window 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. To read the full description, subscribe now.
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Key Chevy Chase Bank, F.S.B. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | September |
| 2007 Sales (mil.) | $1,197.6 |
| 2007 Employees | 4,817 |
Chevy Chase Bank, F.S.B. Executives
24 executives listed for Chevy Chase Bank, F.S.B.'s Bethesda, MD location.
| Title | Name & Bio | Contact |
| Chairman and CEO | B. Francis Saul | Network |
| Vice Chairman | Alexander Boyle | Network |
| Vice Chairman | B. Francis Saul | Network |
Competition
Competitive Landscape for Chevy Chase Bank, F.S.B.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Chevy Chase Bank, F.S.B. Competitors
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