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Real Estate & Property Law

: Housing Wire

Capital One to Buy Chevy Chase Bank for $520 Million

By DIANA GOLOBAY

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Capital One Financial Corp. (COF: 30.99 -1.90%) announced Thursday it has agreed to acquire Maryland-based Chevy Chase Bank for $520 million. The purchase will add Chevy Chase’s $11 billion in deposits to Capital One’s balance sheets. “This transaction will enhance our strong deposit base, providing us with greater scope and scale in key mid-Atlantic banking markets,” [...]

Full post as published by Housing Wire on December 04, 2008 (boomark / email).

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