It's a sad day in Maryland.
Chevy Chase Bank is closing its doors.
Capital One to Buy Local Banking Icon Chevy Chase
The writing was on the wall. The vultures circled, and this fine banking institution and member of our community has sold out to the highest bidder.
Unfortunately, the high bid also comes from one of the lowest representatives of the banking world. Capital One.
With a reputation of preying on those of limited means, this disrepuatable credit card pusher is continuing its practice of snatching up local banks to feast on their deposits as a means to the end.
The bank to which I have been loyal for 25 years is no longer. I recall depositing my first paycheck in my new account.
The relationship is ended. I can not stomach Capital One...their smug image, their reputed predatory practices, nor their annoying advertising campaigns.
With a heavy heart, I will now go shopping for a new financial institution.
Rest in Peace, Chevy Chase Bank.
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