Thursday, August 26, 2010
Farewell Chevy Chase Bank
I have had an account at Chevy Chase Bank since my wife and I moved to downtown Silver Spring in 1992. Chevy Chase is only the third bank that I have had since moving to the area in 1978.
My first bank as a sophomore at American University was Madison National Bank. I opened an account with them because they had a branch bank within walking distance in Spring Valley. During my senior year in 1980, Madison opened its first automatic teller machine on campus called "Dolley." I covered the dedication ceremony for the school's Eagle newspaper.
This ATM (which wasn't even known then by that moniker) was conveniently located in Clark Hall a few steps from my dorm, Letts Hall. With 24-hour access, I thought "Dolley" was amazing as I would be able to withdraw what little money I had.
This was the first ATM I had ever seen. My hometown bank in Lorain, Ohio...Lorain National Bank...where I had had a savings account since I was a kid, only had human beings that sat behind an open counter.
(Does anyone know what was the first bank in metropolitan Washington, DC that offered ATMs?)
I stayed with Madison until around 1984 when I got married and moved to Adams-Morgan. Madison had been experiencing irregularities in its operations and I didn't feel confident in them so I switched to Riggs National Bank, who had a branch at 1779 Columbia Road, NW that was within walking distance of our apartment. Good thing. Two years later Madison was shuttered after being in operation for only 23 years.
I really liked Riggs. This was a bank that had history and even looked like a bank! Established in 1896 Riggs'a Admas-Morgan branch was designed by George N. Day and constructed in 1928. With its two-story limestone facade designed in restrained Neoclassical style, this structure certainly symbolized what I had always thought a bank should look like. That and the fact that 22 U.S. Presidents had banked at Riggs gave me confidence that it would outlive me.
When my wife and I bought our bungalow in pre "revitalized" downtown Silver Spring in 1992, Riggs was unfortunately not located anywhere in the Central Business District. If they had been present I would still be a customer today...well, with its successor, PNC Financial Services, who took over in 2005. So instead, we opened accounts at Chevy Chase Bank, then located where Bombay Gaylord is at 8401 Georgia Avenue.
I never liked their name due to the obvious connection with the Saturday Night Live comedian. But it certainly was convenient to home, especially since they also had ATMs located in Safeway, a mere one block from our house.
I just hope they ditch the "What's in your wallet?" Vikings commercial, but something tells me they will not. If so, the image of Chevy Chase the comedian wasn't all that bad.
What's in your wallet?
Uh, stolen money.
Little did I know when I took these photos of the bank that it had been robbed earlier that day!
DEPARTMENT OF POLICE
MEDIA SERVICES DIVISION
2350 RESEARCH BOULEVARD ROCKVILLE, MARYLAND 20850-3294
FOR IMMEDIATE RELEASE
August 26, 2010 FOR MORE INFORMATION:
Media Services Division, 240-773-5030
Bank Robber Arrested
Detectives from the Montgomery County Police Major Crimes Division - Robbery Section announce the arrest of a man who robbed a Chevy Chase Bank in Silver Spring this afternoon.
Today at approximately 2:15 p.m., 3rd District officers responded to the Chevy Chase Bank located at 8315 Georgia Avenue for the report of a bank robbery that had just occurred.
The male suspect entered the bank and presented a note to the teller demanding cash and implying that he had a weapon. He left with an undisclosed amount of cash. A weapon was not seen and no one was injured. A look-out description of the suspect: black male, 5’10” tall, heavyset, hair in dredlocks, and wearing a red and blue plaid shirt was broadcast.
Responding patrol units located a suspect matching that description walking casually southbound on Georgia Avenue toward East West Highway. He was taken into custody without incident. The cash stolen from the bank was recovered.
Carl Coleman Purvis, Jr., age 42, of the 500 block of Peabody Street, NW Washington D.C., was charged with armed robbery and theft. He is currently being held at the Montgomery County Detention Center. Bond information is not yet available.
To see a photo of the bank robber, go to http://connectedcommunities.us/showthread.php?t=38458