Thursday, 4 December 2008

Capital One to Acquire Chevy Chase Bank for $520M

Capital One Financial Corporation and Chevy Chase Bank confirmred agreement under which Capital One will acquire Chevy Chase in a cash and stock transaction valued at approximately $520M.

With the addition of Chevy Chase's $11bn in deposits, Capital One is one of the largest retail depository institution headquartered in the Washington, D.C. region will also have the largest branch and ATM network in the area. ..marketwatch

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