Chain Bridge Bank

Chain Bridge Bank
IndustryBanking
Founded2007
FounderPeter Fitzgerald
HeadquartersMcLean, Virginia

Chain Bridge Bank, National Association (N.A.) is a nationally chartered bank organized under the laws of the United States. The bank is headquartered in McLean, Virginia, and serves trade associations, think tanks, lobbying firms, political committees, nonprofit organizations, businesses, and individuals across the country.

Bloomberg Businessweek once called Chain Bridge Bank "The Most Important Bank in America."[1] The bank has only one location in McLean, 10 miles west of Washington, D.C.[2]

In 2011, Chain Bridge was "fast becoming the preferred bank of the Republican Party."[3] In 2015, Bloomberg Businessweek headlined a story "Where Candidates Stash Their Cash" describing the bank's dominance in banking Republican presidential campaigns and allied committees leading up to the 2016 United States elections.[4]

The Trump Victory Committee is among the many political entities, mostly but not entirely Republican, that have held accounts at Chain Bridge.[5] The Richmond Times-Dispatch noted that Chain Bridge is uniquely dependent on its political business: "its deposits tend to swell in election years and dissipate as soon as ballots are cast."[6] The bank maintains higher than average asset quality and liquidity.[7]

  1. ^ Mattingly, Phil (Summer 2015). "The Most Important Bank in America". Bloomberg Businessweek.
  2. ^ "Address › Chain Bridge Bank". www.chainbridgebank.com. Retrieved 2021-12-26.
  3. ^ Ali, Ambreen (2011-11-07). "One Bank's Business Built on GOP Cash". Roll Call. Retrieved 2021-12-26.
  4. ^ Mattingly, Phil (2015-07-22). "Where Candidates Stash Their Cash". Bloomberg.com. Retrieved 2021-12-26.
  5. ^ Silverstein, Ken (2021-04-20). "Did the GOP's Favorite Bank Conspire with the Trump Campaign to Help it Evade Contribution Limits?". Washington Babylon. Retrieved 2021-12-26.
  6. ^ Mattingly, Phil (2015-08-15). "Candidates Stashing Cash in Small McLean Bank". Richmond Times-Dispatch. Retrieved 2021-12-26.
  7. ^ "Peter Fitzgerald has an old-fashioned approach to banking - May. 13, 2009". archive.fortune.com. Retrieved 2019-04-17.