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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.
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BUSINESS
By Hanah Cho, The Baltimore Sun | August 22, 2011
More than 21,000 students attend Towson University. To PNC Bank, that's 21,000 potential customers. PNC is planning to open its first full-service, on-campus branch in Maryland at Towson's student center Thursday in a space previously occupied by Capital One Bank. The Pittsburgh-based financial giant sees the move as its entree into the University System of Maryland, with its 12 institutions and its more than 150,000 undergraduate and graduate students. "PNC wants to continue to grow and invest in the market," said Matt Martin, PNC's greater Maryland retail banking market manager.
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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.
BUSINESS
By Hanah Cho, The Baltimore Sun | August 9, 2010
When Bay Bank took over the failed Bay National Bank last month, little was known about the newly created thrift other than it has a name similar to its predecessor. Some things haven't changed. Bay Bank retained all of Bay National's 22 rank-and-file employees. And like Bay National Bank in its early years, the new Bay Bank plans to focus on providing a "very high level" of customer service and loan products tailored for small- and medium-size businesses, according to Kevin Cashen, who took over as chief executive.
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.
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 From Sun news services | November 14, 2008
Shares of Citigroup Inc. fell below $9 a share for the first time since 1996 yesterday after a published report said it was looking for a new chairman and that it is considering a bid for Bethesda-based Chevy Chase Bank. The Wall Street Journal reported yesterday, citing people familiar with the matter, that some Citigroup board members are increasingly dissatisfied with the company's performance and are considering replacing Chairman Sir Win Bischoff. The board named Bischoff chairman in December after ousting former CEO Charles Prince.
BUSINESS
August 26, 2006
Awards Catonsville Homes received two Maryland Awards of Excellence from the Home Builders Association of Maryland for its custom home designs in the Charleston II at Patapsco Park Estates and for design of a private residence. Designations Louis R. Woods Jr., a chef instructor at Anne Arundel Community College, has been certified an executive chef and culinary administrator by the American Culinary Federation. New contract SM Consulting Inc., in conjunction with Microsoft Corp., has contracted to provide the National Aquarium in Baltimore with a strategic business intelligence system to improve operations and track customer needs.
NEWS
March 30, 2006
On Sunday, March 26, 2006, JOHN F. LANNON, age 42, of Silver Spring, MD. Beloved husband of Meredith S. Zimmerman; devoted father of Jacob T. Lannon; loving son of Maxine Jones and the late Thomas J. Lannon. Also survived by seven brothers and sisters and numerous nieces and nephews. Relatives and Friends may call at COLLINS FUNERAL HOME, 500 University Blvd., West, Silver Spring, MD., Friday 3 to 5 and 7 to 9 P.M. where service will be held on Saturday, April 1 at 11 A.M. Interment Gate of Heaven Cemetery.
NEWS
By MATTHEW DOLAN | January 12, 2007
A federal judge sentenced four Baltimore men to prison yesterday for robbing a Baltimore County bank last summer. U.S. District Judge William M. Nickerson ordered Dominic Parker, 21, and Jarritt Simpson, 25, to serve eight years in prison. Antonio Gill, 28, was sentenced to 16 years, while 20-year-old Cornell Brown received a five-year term. According to court papers submitted when the defendants pleaded guilty, Brown drove the defendants on June 19 to Chevy Chase Bank in the 4600 block of Wilkens Ave. in Arbutus in a stolen car. Simpson was carrying a gun when he entered the bank with Gill and Parker; the three men stole $9,114, authorities said.
BUSINESS
By Hanah Cho, The Baltimore Sun | July 12, 2010
A former Provident Bankshares Corp. executive has taken over as chairman of Bay Bank, a newly created thrift that assumed the deposits of Bay National Bank when federal regulators closed the Lutherville institution last week. Kevin Byrnes was Provident's president and chief operating officer. Joining Byrnes is Bay Bank president and chief executive Kevin Cashen, a former executive with Chevy Chase Bank. Bay Bank is a subsidiary of Jefferson Bancorp, a thrift holding company created by Financial Services Partners Fund, which is managed by Washington-based Hovde Private Equity Advisors.
BUSINESS
By Eileen Ambrose and Eileen Ambrose,eileen.ambrose@baltsun.com | April 22, 2009
Sandy Spring Bancorp Inc. launched a campaign this month to attract customers from nearby rivals acquired by out-of-state banks, even as it faces weaker profits amid the economic slowdown. Sandy Spring's top executive discussed plans to win over customers from Chevy Chase Bank and Provident Bankshares Corp. during a conference call with analysts Tuesday to discuss first-quarter earnings. Capital One Financial Corp. bought Chevy Chase this year; M&T Bank is buying Provident. The Olney-based bank reported that its earnings available to common shareholders dropped to $1 million, or 6 cents per share, mostly because of a $10.6 million loan loss provision related mainly to its real estate development portfolio.
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 From Sun news services | November 14, 2008
Shares of Citigroup Inc. fell below $9 a share for the first time since 1996 yesterday after a published report said it was looking for a new chairman and that it is considering a bid for Bethesda-based Chevy Chase Bank. The Wall Street Journal reported yesterday, citing people familiar with the matter, that some Citigroup board members are increasingly dissatisfied with the company's performance and are considering replacing Chairman Sir Win Bischoff. The board named Bischoff chairman in December after ousting former CEO Charles Prince.
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 Sandra McKee and Sandra McKee,SUN STAFF | September 16, 1998
The lineup for Pam Shriver's annual charity tennis tournament is star-studded from start to finish.A day after revealing that seven-time Wimbledon champion Steffi Graf will face 1998 Wimbledon champ Jana Novotna in the main event, Shriver announced her former doubles partner Martina Navratilova, Davis Cup captain Tom Gullikson and former top-five men's player and Maryland native Harold Solomon will join her in the Legends Match at the Chevy Chase Bank Tennis...
SPORTS
By Heather A. Dinich and Heather A. Dinich,Sun reporter | August 25, 2006
College Park -- During yesterday's formal announcement that the naming rights of the field at Byrd Stadium were sold to Chevy Chase Bank for $20 million, Maryland athletic director Debbie Yow spoke of the Terps' appearances in the Orange Bowl, Peach Bowl and Gator Bowl. She then turned to her football coach and asked with a smile, "We will be back, will we not, Ralph?" With Gov. Robert L. Ehrlich Jr. sitting to his right, the university president just two seats away, and an auditorium filled with wealthy alumni, other high-ranking university officials and longtime supporters of the program, Maryland coach Ralph Friedgen answered, "Yes."
NEWS
By Melissa Harris and Melissa Harris,Sun Reporter | January 26, 2007
Howard County police are offering a $1,000 reward for information leading to the arrest of a man who robbed a Chevy Chase Bank on U.S. 40 in Ellicott City -- the county's second bank robbery of the year. Police do not believe he is the same man responsible for six bank robberies and three attempts in the county last year. In the most recent incident, a man entered the bank Monday, placed a book bag on the counter and demanded money. He fled on foot. The man is described as black, in his 20s or 30s, approximately 6 feet tall and weighing between 220 and 300 pounds.
BUSINESS
By BLOOMBERG NEWS | January 19, 2007
NEW YORK -- A federal judge in Wisconsin ordered Chevy Chase Bank to rescind loans made to some borrowers who took out so-called option adjustable-rate mortgages, The Wall Street Journal reported yesterday. The ruling was in a case against the Maryland-based bank brought by Susan and Bryan Andrews, who took out an option ARM in the belief that a 1.95 percent introductory rate was fixed for five years. Two months later, they received a statement showing the rate had risen to 4.375 percent, the newspaper said.
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