- Language: English
- Published: October 2012
- Region: United States
Summary: Chevy Chase Bank, FSB Mar 06
- ID: 2034356
- March 2006
- Standard & Poors
The ratings on Chevy Chase Bank, FSB (Chevy) reflect its growing franchise in attractive markets, excellent asset quality, and low credit risk profile. Volatile earnings, weak capital metrics, a high expense base, and a growing business concentration in residential mortgage loans somewhat offset these key rating strengths. As the largest independent bank in the attractive D.C. area, Chevy has developed a solid franchise. Among retail banks, Chevy ranks fifth in deposit market share within the D.C. MSA, and has the No. 1 deposit share in Montgomery County, an affluent suburb. Last fiscal year alone, Chevy added 23 de novo branches, bringing the network to a total of 251 branches. Going forward, management expects to add 20-25 de novo branches per...
Companies mentioned in this report are:
- Capital One N.A.
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