Provident Bankshares Corp. announced Wednesday that it is buying the deposits of Chevy Chase Bank's seven Baltimore-area supermarket branches.

The branches, which have about $42 million of deposits, are in Giant Food stores. The $15 billion-asset Chevy Chase said in June it would not renew its contract with Giant and that it intended to close its 54 in-store branches and focus on its larger, traditional branches in the Washington area.

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