ABSTRACT
Chevy Chase began operating from a single facility in 1969, and the B. F. Saul Mortgage Company was established as a wholly owned subsidiary in 1975. Chevy Chase and the Mortgage Company adamantly deny that any act or omission on their part as alleged in the government’s complaint or this consent decree as violative of federal law was motivated in any way by discriminatory intent or racial bias. The expansion of the Bank and Mortgage Company’s business has taken place in a metropolitan area with segregated living patterns. In 1986, Chevy Chase included the District of Columbia in its delineated area, although it had no branches in the District and made few loans outside of heavily white residential areas. The Bank and Mortgage Company shall implement an aggressive marketing program designed to improve performance in meeting the credit needs of African American residential areas of the Washington, D.C., metropolitan area.
