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Article: Chevy Chase Savings Bank: A Giant Born In a Trailer
- Article from:
- The Washington Post
- Article date:
- January 30, 1989
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Twenty years ago, in a trailer that still sits at the Chevy Chase
Lake Shopping Center, people would come and dump their money in Frank
Saul's lap.
Now, with 51 branches in the metropolitan area and assets of
more than $5 billion, the federal savings bank founded by B. Francis
Saul II, known to his friends as Frank, is the largest savings
institution based in Maryland.
Like most of the entities in the B.F. Saul financial empire,
Chevy Chase Savings Bank is also very private. Virtually all of the
institution's stock is owned by Saul, its chairman and chief
executive officer, with a small percentage in an employee
profit-sharing and retirement trust.
While officials of other area ...