94 Assistant Branch Managers from Chevy Chase Bank submitted salaries.
Current CEO: Richard D. Fairbank
Status: Inactive, acquired by Capital One Financial Corporation in 2009
Chevy Chase Bank F.S.B. held the distinction of being the largest locally-owned banking firm in the Washington, DC metropolitan area. Now, the acquisition of Chevy Chase Bank has allowed Capital One to build upon its reputation of being one of the largest consumer franchises in the United States. The company handles approximately 45 million accounts. Because of two of its subsidiaries, Chevy Chase Bank F.S.B., now known as Capital One Bank and Capital One, N.A., is listed as one of the top 10 largest banks based on deposits. The company has approximately 1,000 branches based primarily in the District of Columbia, New York, New Jersey, Louisiana, Texas, Virginia and Maryland.
The company’s culture seems to have many sides depending on the reviewer. Some reviews indicate that the Chevy Chase culture had a family feel while others say that some people had a challenging time working at Chevy Chase Bank because of the conservative culture. Both takes do show a common thread – those who fit into a more traditional corporate environment will better assimilate into the company’s culture. The newly-formed subsidiary places an emphasis on hiring individuals with entrepreneurial qualities. In addition, job seekers with strong ties to their communities build larger client bases. Ultimately, a branch's success depends on an employee’s entrepreneurial spirit to generate business.
Prior to the acquisition, reviewers consistently stated that they liked working for a local bank that allowed them to develop relationships with their co-workers and contacts. At this time, it is too soon to tell how becoming Capital One Bank will affect Chevy Chase Bank careers.
Most Chevy Chase Bank benefits are competitive with other banks. The company offers health insurance that includes dental and vision plans. Employees may also participate in a company-matching 401(k) program. What sets this company apart from its competition is that it provides tuition reimbursement for full-time and part-time employees. Full-time employees may receive up to $5,000 in tuition assistance while part-time employees receive up to $2,000 per year. Job seekers should be aware that Capital One’s website states that benefit programs may vary across subsidiaries.
Vice President is the highest paying job at Chevy Chase Bank at $131,000 annually.
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