Chevy Chase Bank - Business Structure

Business Structure

The bank's core business was residential mortgages and consumer banking; its mortgage subsidiary, the B.F. Saul Mortgage Company, was one of the leading mortgage originators in the region. As of December 31, 2007 it held $14.0 billion in deposits.

Chevy Chase Bank had more than 290 branches in Delaware, Maryland, Virginia, and the District of Columbia, and claimed to have the largest network of ATMs in the Washington area.

According to ABA routing information it was based in Laurel, Maryland, while the bank's headquarters offices were in downtown Bethesda, Maryland, at the corner of Wisconsin Avenue and East-West Highway. According to its FDIC certificate, the firm was headquartered in McLean, Virginia. This was before being acquired by McLean-based Capital One, not after.

Read more about this topic:  Chevy Chase Bank

Famous quotes containing the words business and/or structure:

    ...we shall never be the people we should and might be until we have learned that it is the first and most important business of a nation to protect its women, not by any puling sentimentality of queenship, chivalry or angelhood, but by making it possible for them to earn an honest living.
    Katharine Pearson Woods (1853–1923)

    Just as a new scientific discovery manifests something that was already latent in the order of nature, and at the same time is logically related to the total structure of the existing science, so the new poem manifests something that was already latent in the order of words.
    Northrop Frye (b. 1912)