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Article: Provident Bankshares Announces Acquisition of Chevy Chase Bank Deposits at Seven Giant Food In-Store Branches in Baltimore.
- Article from:
- PR Newswire
- Article date:
- October 15, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Oct. 15 /PRNewswire-FirstCall/ -- Provident Bankshares Corporation , the parent company of Provident Bank, announced today that it has signed an agreement to acquire the deposits located at seven Chevy Chase Bank in-store branches in the Greater Baltimore area. The seven Chevy Chase Bank branches are located inside Giant Food stores.
The deposits in the acquisition total approximately $42 million and include over 8,000 consumer and commercial customers. The Baltimore area accounts consist of approximately 7,600 retail checking accounts, 300 commercial checking accounts and 3,200 other deposit accounts.
The Chevy Chase Bank accounts are ...