Local Business Alert: Chevy Chase bank consortium gets $150 million investment

	Tuesday, June 19, 2012 8:49:20 AM LOCAL BUSINESS ALERT Chevy Chase bank consortium gets $150 million investment BancAlliance, a Chevy Chase-based bank network run by a former top U.S. Treasury official and founded by a Democratic congressional hopeful, has snagged a $150 million investment from a noted Wall Street player. BlueMountain Capital Management, a private investment firm based in New York, Tuesday announced that it has invested in BancAlliance, which tries to help regional banks better compete for big loans by combining various assets for economic scale. Read more at: http://www.washingtonpost.com/chevy-chase-bank-consortium-gets-150-million-investmentembargoedgreater than-check-with-tom-heath-before-running/2012/06/18/gJQAsTljnV_story.html Or visit Capital Business or the Local Business section on washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy