CHEVY CHASE, Md. - Chevy Chase Savings Bank said it filed with the Office of Thrift Supervision for a public offering of $150 million of subordinated capital debentures.

The company said it will use the proceeds to redeem its outstanding 13.5% subordinated capital debentures due July 15, 2002, and 15% subordinated capital debentures due Nov. 15, 2003.

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