Chevy Chase Bank operates in Maryland, Virginia, and Washington, D.C., and owns deposits worth USD 11 billion. Capital One, which recently received a USD 3.56 billion funds injection via the governments bank investment program, has deposits USD worth 98.9 billion. COF’s acquisition of Chevy Chase Bank is the latest such move on behalf of the bank holding company, which started up as a credit card lender and seeks to become a full-service bank. Among the regional banks previously acquired by Capital One are Hibernia, which operated in the New Orleans area, and North Fork Bank which operated in New York and New Jersey.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now