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Article: 4. CHEVY CHASE FEDERAL SAVINGS BANK
- Article from:
- The Washington Post
- Article date:
- April 19, 1993
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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4. CHEVY CHASE FEDERAL SAVINGS BANK
Chevy Chase, Md.
FISCAL YEAR: Sept. 30
ASSETS: $5.1 billion
PROFIT: $21 million
Chevy Chase is the largest thrift institution based in the region.
It is owned by B.F. Saul II, an intensely private investor who also
owns real estate throughout the area.
Although Chevy Chase made a profit last year - a reversal from the
year before, when it lost $10.3 million - the thrift spent much of
the year trying to satisfy regulatory concerns about its strength.
Chevy Chase was saddled with a large portfolio of commercial real
estate when the loans on those projects went bad.
Chevy Chase has been operating under an agreement with the federal
Office of Thrift ...