Chevy Chase Bank Becomes Capital One Bank This Week
McLEAN, Va. — Chevy Chase Bank, which is the ninth-largest largest bank in the country based on deposits, is rebranding to Capital One Bank this week. With the largest network of branches and ATMs in the Washington, D.C., area, Capital One said it is poised to offer its products, such as auto loans, via the newly acquired branch offices.
Locally, Chevy Chase Bank is the fifth-largest by deposits, according to management, and Capital One employs more than 4,000 people in the region.
"We are very excited to introduce the Capital One Bank name to the Washington, D.C., region, especially because this area has been our company's headquarters for many years," said James Jackson, Capital One Bank Mid-Atlantic regional president.
"A great deal of work has been done to ensure that the transition is a seamless and positive change for our customers. Everything that made Chevy Chase Bank a great bank and a great business partner will remain the same, but leveraging Capital One's national platform enables us to enhance and expand our product offerings and makes us an even better company," he continued.
In addition to changing the name on the signs at Chevy Chase Bank branches, ATMs, corporate offices and customer touch points throughout the Mid-Atlantic region, Capital One Bank has added several enhancements, including:
—Former Chevy Chase Bank customers now have greater access to financial services products. Products offered by Capital One, including credit cards and auto loans, are now available at local branches. Additionally, current Capital One customers can now service existing accounts at Capital One Bank branches.
—Customers can also expect to reach a customer service representative 24/7. Customers also have access to rewards checking, mobile banking and the ability to open accounts online. Capital One Bank also offers broader geographic coverage, with locations in New York, New Jersey, Louisiana and Texas.
—Business customers can continue to "enjoy" the same level of service and commitment. Service enhancements include small-business specialists at some branch locations, along with expanded treasury and cash management capabilities.
"As a local business, Capital One is already deeply involved in this community, and the acquisition of Chevy Chase Bank made this connection even stronger," said Jackson. "While the signs on the door are changing, one thing that certainly won't change is our commitment to the local community.
"Capital One Bank has 1,000 branches across the Mid-Atlantic, New York, New Jersey, Louisiana and Texas, with talented teams that are incredibly connected to the needs of their communities. We are proud of our associates, who last year volunteered more than 35,000 hours of service in D.C., Maryland and Virginia. We are equally proud to make the communities in our hometown a better place to live and work," he concluded.