$520,000,000 is what Capital One is paying to acquire all of Chevy Chase Bank, according to the news tonight. Apparently, it will also acquire under $2,000,000,000 in CCB’s shaky and shady mortgages, as well. It’s interesting, though, that in doing so, they’ll be acquiring all of Chevy Chase’s neo-classical-style bank buildings, and with it, a significant brand image
How will Capital One handle their own (lackluster) branding and combine it? Will CCB stop to be a local fixture?
Edit: Fixed spelling of Capital One.