Capital One Financial Corp. in McLean, Va., reopened its Chevy Chase Bank branches Monday as Capital One Bank branches.
The $197.5 billion-asset Capital One bought the $16 billion-asset Chevy Chase Bank in February 2009 but held off on rebranding the bank's 240 or so branches until last weekend. Signs also were changed on nearly 1,000 Chevy Chase Bank automated teller machines and at its corporate offices.
"Everything that made Chevy Chase Bank a great bank and a great business partner will remain the same, but leveraging Capital One's national platform enables us to enhance and expand our product offerings," said James Jackson, Capital One Bank's president for the Middle Atlantic region.
Capital One NA, the company's flagship bank subsidiary, now has the fifth-largest deposit share in the region and the largest network of branches and ATMs of any bank in the District of Columbia area, the company said. Overall, the company has about 1,000 branches.