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By Sandra McKee and Sandra McKee,SUN STAFF | December 20, 2002
Chevy Chase Bank has decided not to renew its contract as the title sponsor of Pam Shriver's Tennis Challenge charity event that is held here each fall. "I was told five years ago, when they signed on, that the major reason was to get better known," said Shriver by phone from California, where she was busy getting ready to leave for Australia tomorrow to spend the holidays with her Australian husband and his family. "I was told by one of their board members, Bo Moore, that they felt the event had served its purpose and that they have different needs now."
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BUSINESS
Eileen Ambrose | October 28, 2011
Update: Reuters is reporting that even Bank of America is scaling back on its $5 debit card fee by giving customers more ways to avoid the charge. Bank of America, which caused an uproar last month when it announced it would introduce a $5 monthly debit card fee, might be feeling a little lonely. According to the Wall Street Journal, several major banks, including Chase, PNC, Citigroup, U.S. Bancorp and KeyCorp, now say they won't assess a debit card fee. A source familiar with Chase plans told the Baltimore Sun that the bank tested a series of a la carte fees in Wisconsin and Georgia starting in February.
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NEWS
By Norris P. West and Norris P. West,Staff Writer | February 19, 1992
A former day-care operator pleaded guilty yesterday to a bank-fraud scheme that authorities say yielded her more than $1 million and a lifestyle that made her a frequent flier between Baltimore and her $750,000 house in Mexico.U.S. District Judge Frederic N. Smalkin scheduled an April 1 pre-sentence hearing for Gloria Louise Dorsey, who was arrested Dec. 26 at her mother's home in the 1600 block of Gray Haven Court. She was allowed to remain free on $250,000 secured bond.Dorsey also pleaded guilty to illegally taking between $20,000 and $30,000 in U.S. currency out of the country in December 1988 without reporting it as required.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | October 3, 2010
Some credit card issuers offer payment protection programs that promise to cover or suspend monthly minimum payments if you fall on hard times. Such offers might be tempting in today's economy, where job insecurity remains high or an illness can easily push you over the financial edge. But don't waste your money. Payment protection is expensive and the benefits small. You'd be better off applying the money to reduce your card balance or socking it away for emergencies. Plus, the programs often have so many exceptions that your claim could be denied anyway.
NEWS
By Norris P. West and Norris P. West,Staff Writer | February 19, 1992
A former day-care operator has pleaded guilty to a bank-fraud scheme that authorities say yielded her more than $1 million and a lifestyle that made her a frequent flier between Baltimore and her $750,000 house in Mexico.U.S. District Judge Frederic N. Smalkin scheduled an April 1 pre-sentence hearing for Gloria Louise Dorsey, who was arrested Dec. 26 at her mother's home in the 1600 block of Gray Haven Court. She was allowed to remain free on $250,000 secured bond.Dorsey yesterday also pleaded guilty to illegally taking between $20,000 and $30,000 in U.S. currency out of the country in December 1988 without reporting it, as required.
NEWS
May 1, 2000
Alice A. Holden, 83, education supervisor Alice A. Holden, a retired educator and longtime Towson resident, died Thursday of cancer at Gilchrist Center for Hospice Care. She was 83. Mrs. Holden, who had lived in the Hampton section of Baltimore County for 40 years, retired in the late 1970s from the state Department of Early Childhood Education, where she had been a supervisor. Earlier, she had taught in Baltimore City public elementary schools and later at Lida Lee Tall School in Towson.
NEWS
By Alan J. Craver and Alan J. Craver,Staff writer | October 14, 1990
After Donald W. Houck Jr. bought a car from Brook Boyle Motorcars Ltd.last year, the deal landed him in civil court, risked his credit rating and cost him thousands beyond the price of the car."It's like somebody coming into your driveway and stealing your car," said Houck, a 25-year-old land surveyor and Aberdeen resident."It was really scary."Houck is one of 21 customers who fell victim to schemes contrived by the dealership's owner, R. Brook Boyle of Bel Air, according to a grand jury indictment filed against Boyle on Sept.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | September 22, 1990
An article in Saturday's Sun about New York's Chase Manhattan Corp. said that branch operations at its Maryland affiliate, Chase Bank of Maryland, may not be profitable and that it was uncertain how the Maryland bank might fit into Chase Manhattan's long-term plans.That information, obtained from Chase in New York, is incorrect, according to Chase Bank of Maryland officials, who say the affiliate is a profitable segment of Chase's domestic individual business. Chase Manhattan's senior management has identified this type of business as a core area of growth.
BUSINESS
By David Conn | December 10, 1992
Chase promotes Byrnes to regional post in N.Y.Kevin G. Byrnes is headed to the island . . . Long Island, that is.After four years as president and chief executive officer of Chase Bank/Maryland, Mr. Byrnes has been promoted to region executive of Chase Manhattan Corp.'s Long Island, N.Y., division, with 45 branches and $3 billion in deposits. He's been spending the last week or so "getting to know the Metroliner" and expects to take over the division after the start of the year."This is the finest place I've ever lived," said Mr. Byrnes, 45, a Bronx native who has worked in Los Angeles, St. Petersburg, Fla., and Rochester, White Plains and New York, N.Y. "So it's with mixed emotions that I'm going."
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | April 7, 1998
Shoppers at Giant Food Inc. in Baltimore and Washington will be able to stop in for a gallon of milk and a home equity loan by summer as part of new, in-store banking services the supermarket chain plans to offer.Giant and Chevy Chase Bank said yesterday that they will place fully staffed banks or interactive video kiosks -- or both -- as well as automated teller machines in the region's 163 Giant stores. Branches will be open seven days a week, with longer hours than typical branches, and offer checking, savings and loan services.
BUSINESS
By Renae Merle and Renae Merle,The Washington Post | February 14, 2009
WASHINGTON -President Barack Obama will release the details of his foreclosure prevention plan Wednesday, the White House announced yesterday, as several large banks pledged to temporarily stop foreclosures until the program is in place. Obama will make the eagerly awaited announcement from Arizona, White House press secretary Robert Gibbs told reporters yesterday afternoon. That schedule came as J.P. Morgan Chase, Bank of America and Citigroup announced temporary moratoriums on foreclosures at the urging of a key House member.
BUSINESS
By From Sun staff and news services | December 5, 2008
Capital One Financial Corp. said yesterday that it will acquire Bethesda-based Chevy Chase Bank for $520 million in cash and stock, expanding its presence in its own backyard. Privately held Chevy Chase Bank has a sizable presence in the Baltimore area, where it is the 14th-largest bank, according to the most recent figures from the Federal Deposit Insurance Corp. The bank has about $11 billion in deposits, with nearly 300 branches in Maryland, Virginia, Delaware and the District of Columbia.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho@baltsun.com | October 24, 2008
PNC Financial Services Group Inc. said yesterday that it will take over the banking services from Chevy Chase Bank at Giant Food stores in Maryland, Virginia, Delaware and Washington. Financial terms of the 10-year agreement with Landover-based Giant were not released. Giant had been seeking a new operator for its 54 in-store branches after its contract with Chevy Chase expired this summer. PNC said the bank expects to hire 225 employees to staff 41 in-store branches - 21 in Maryland, 17 in Virginia and three in Delaware - in the first phase of the expansion.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho@baltsun.com | October 16, 2008
Provident Bankshares Corp. is increasing its market share in Maryland by acquiring deposits worth $42 million from seven Chevy Chase Bank branches that are to close in January at Giant Food stores, the parent company of Provident Bank said yesterday. Provident purchased the deposits of more than 8,000 individuals and commercial customers at those seven branches in the Baltimore region. The agreement does not include the sale of loans, leases and other assets. A Giant Food spokesman said yesterday that the grocery chain is seeking a new banking partner for its 54 in-store branches after its contract with Chevy Chase expired.
SPORTS
By Heather A. Dinich and Heather A. Dinich,Sun reporter | August 24, 2006
College Park -- The University of Maryland athletic department has sold the naming rights of the field at Byrd Stadium to Chevy Chase Bank for $20 million, the first such deal in the country, officials within the department confirmed yesterday. The field will be named Chevy Chase Bank Field at Byrd Stadium, and the bank will own the naming rights for 25 years. The deal - which will help pay for an estimated $50.8 million stadium expansion project - will be announced at a news conference today.
BUSINESS
By LAURA SMITHERMAN and LAURA SMITHERMAN,SUN REPORTER | July 27, 2006
After a seven-year legal battle, Chevy Chase Bank has agreed to pay $16.1 million to settle a nationwide class-action lawsuit that accused it of charging higher-than-promised interest rates on credit cards. Baltimore Circuit Judge John M. Glynn gave preliminary approval to the settlement yesterday. Chevy Chase denied wrongdoing but wanted to settle to avoid "further protracted and expensive litigation," according to the agreement. Thomas H. McCormick, general counsel at Chevy Chase, declined to comment.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | October 3, 2010
Some credit card issuers offer payment protection programs that promise to cover or suspend monthly minimum payments if you fall on hard times. Such offers might be tempting in today's economy, where job insecurity remains high or an illness can easily push you over the financial edge. But don't waste your money. Payment protection is expensive and the benefits small. You'd be better off applying the money to reduce your card balance or socking it away for emergencies. Plus, the programs often have so many exceptions that your claim could be denied anyway.
BUSINESS
By From Sun staff and news services | December 5, 2008
Capital One Financial Corp. said yesterday that it will acquire Bethesda-based Chevy Chase Bank for $520 million in cash and stock, expanding its presence in its own backyard. Privately held Chevy Chase Bank has a sizable presence in the Baltimore area, where it is the 14th-largest bank, according to the most recent figures from the Federal Deposit Insurance Corp. The bank has about $11 billion in deposits, with nearly 300 branches in Maryland, Virginia, Delaware and the District of Columbia.
SPORTS
By Sandra McKee and Sandra McKee,SUN STAFF | December 20, 2002
Chevy Chase Bank has decided not to renew its contract as the title sponsor of Pam Shriver's Tennis Challenge charity event that is held here each fall. "I was told five years ago, when they signed on, that the major reason was to get better known," said Shriver by phone from California, where she was busy getting ready to leave for Australia tomorrow to spend the holidays with her Australian husband and his family. "I was told by one of their board members, Bo Moore, that they felt the event had served its purpose and that they have different needs now."
NEWS
By Laura Barnhardt and Laura Barnhardt,SUN STAFF | March 12, 2002
It started as a routine trip to the bank. But when William Gilde heard the teller at the Glen Burnie branch of the SunTrust Bank say she'd just been held up, he wasn't about to let a robber get away. The chase was on. Dashing into the parking lot in hopes of getting the getaway car's license plate number, Gilde instead became the pursuer in a chase that crossed three county lines, at speeds approaching 90 mph. When it ended on the shoulder of Interstate 95 in Howard County, Gilde was there - and the bank teller was soon on her way. Throughout the pursuit, Gilde set aside any concerns that the man he was following might have been armed and dangerous.
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