Chevy Chase Bank
Chevy Chase Bank headquarters in 2008 | |
| Company type | Private |
|---|---|
| Founded | 1955 |
| Founder | B. F. Saul II |
| Defunct | September 10, 2010 |
| Fate | Acquired by Capital One |
| Successor | Capital One (known as Capital One Bank) |
| Headquarters | , United States |
Number of locations | 292 (Jun. 30, 2008) |
Area served | Washington Metropolitan Area |
| Total assets | $18.3 billion (Mar. 31, 2009) |
Number of employees | 4,381 (Dec. 31, 2007) |
| Website | www |
Chevy Chase Bank, F.S.B. was the largest locally based banking company in the Washington Metropolitan Area. 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.