|Title||A letter to the residents of Chevy Chase Village|
|Creator||Loyola Federal Savingsand Loan|
As residents of Chevy Chase Village, you will undoubtedly be interested in learning of more recent developments concerning your community and the proposed Loyola Federal Savings and Loan office on Brookville Road, where the High's Dairy Store now stands. We would like to address several questions that may not have been answered to your satisfaction about Loyola Federal and our efforts to establish a good working relationship with the people we hope to serve in Chevy Chase.
About Loyola Federal
Having first opened in 1879, we are both the largest and one of the oldest savings and loan associations in Maryland, with offices throughout the State. While this growth can be attributed partially to sound financial management and planning, another factor cannot be overlooked. We have worked continuously to establish good will and acceptance in every community where we are currently located.
In Baltimore and Frederick, Loyola Federal has actively participated in citywide redevelopment efforts, not only by opening new facilities in strategic renewal areas, but by restoring (as offices) historic buildings that otherwise would have been demolished for lack of local funds. Newer branches in Easton and Cambridge, on the other hand, were carefully built to conform architecturally and aesthetically to their respective surroundings.
Montgomery County is the home of two of our existing facilities. There is the large, regional office on Old Georgetown Road in Bethesda that can handle a high volume of savings and loan transactions, and we have a small branch at Kemp Mill-Silver Spring. Our plans for Chevy Chase and the Brookville Road site.
Actually, Loyola Federal has been looking for some time to find a location in Chevy Chase that could accommodate this kind of a neighborhood branch. This site, we believe, is ideal since it is the appropriate size and requires no change in the current C 1 zoning. It is also our opinion-one we are certain is shared-that the existing building does little to enhance the appearance of the community and that our proposed changes offer a significant improvement.
After purchasing the property, we filed with and received approval from the Federal Home Loan Bank Board to establish a facility on Brookville Road. The fact that our application met with their approval constituted only the beginning of our overall preparations. Loyola Federal recognized early that the special characteristics and architectural harmony of the Chevy Chase Village area must be taken into account before determining the final appearance of our building.