Chevy Chase Bank FSB

7501 Wisconsin Ave.

Year founded: 1969

Industry: Banking

Post 200 Category: Top Financial Companies

Revenue: n/a

Net Income/Loss: $133.74 Million

Earnings per share: n/a

Dividend: n/a

Stockholder equity: $711.86 Million

Auditor: Ernst & Young LLP

Stock:

Assets: $13.29 Billion

Market capitalization: n/a

52-week high: n/a

52-week low: n/a

Chairman and CEO: B. Francis Saul II

CFO: Stephen R. Halpin Jr.

Employees: 4046

Local employees: 4046

Description: Chevy Chase is the largest bank based in the Washington area, with 228 branches, including 54 in grocery stores such as Giant Food, and more than 850 ATMs. It operates in Maryland, Delaware, Virginia and the District. Chevy Chase is controlled by real estate developer B. Francis Saul II and his corporate entities, which are largely in real estate. The B.F. Saul Real Estate Investment Trust, which invests in hotels, office buildings and raw land, holds a controlling 80 percent interest.

Developments: Chevy Chase became even more ubiquitous in affluent suburban Washington, opening 18 more branches and installing 47 more ATMs. Its assets increased to $13.29 billion at the end of its fiscal 2004, up from $11.8 billion in fiscal 2003. Total deposits for fiscal 2004 were $8.86 billion, up from $8.1 billion. Chevy Chase Bank had a profit of $133.7 million in fiscal 2004, up from $79.6 million, with the gains coming largely from a reduction in loan loss reserves and in interest expenses and from gains on securities held to maturity or sold, according to documents filed with federal bank regulators. Although bank executives will not talk about the company's plans, the bank has indicated in Securities and Exchange Commission filings that it wants to continue to expand its consumer and business banking businesses and to expand fee-based lines of business, such as selling brokerage and asset management services and insurance products.

Executive Compensation
Chairman and CEO: B. Francis Saul II
Total Cash: $3,678,078.00
Total Compensation: $5,732,595.00