Skip to main content

Capital One to Buy Chevy Chase Bank

Ahhhh, my bank!!!

 
 

Sent to you by tony via Google Reader:

 
 

via WAMU: Local News on 12/3/08

Capital One Financial Corporation is buying Chevy Chase Bank in a cash and stock transaction valued at about $520 million.

Capital One says the acquisition will give it the largest network of branches and ATM machines in the Washington area. Chevy Chase Bank has more than $14 billion in assets, with 250 branches and more than 1,000 ATM machines in Maryland, Virginia and D.C.

Chevy Chase says customers can continue to do their banking as usual. There are no immediate changes to services or branches.

The deal is expected to close in the first quarter of 2009. Chevy Chase Trust Company is not included in the sale.

Rebecca Blatt reports...


 
 

Things you can do from here:

 
 

Comments

Anonymous said…
That's all we need....bigger banks to fail and/or screw over John Q. Public.
1:31 PM
Post a Comment

Popular posts from this blog

Good Mourning

I'm not a morning person, never have been. From as far back as I can remember, I've never really been the type of person to roll over and bed, feel the sun kiss my face, hear the birds sing, wake up to the sound of an alarm clock and think, "today's the best day of my life!". I'm usually the other guy; deep in slumber, sawing logs (like all snorers, I've never had the distinguished privilege of hearing the sweet, melodic sounds of my nocturnal singing performances) I've got a my drapes closed @ all times, birdsongs are overrated (it's like they're phoning it on or something; a total lack of originality!), the alarm clock goes off. I placed it across the room on purpose; that way I'll have to get out of bed. I throw a shoe @ it. This morning was different. I rolled over and felt the sun caress my face like a lover I lost ages ago, heard the beautiful chirp chirp chirp-ing of a mother bird and her young, jumped out of bed, stretched and f
3 comments
Read more