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CBNA vs PRAA

Chain Bridge Bancorp, Inc. and PRA Group, Inc.

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Chain Bridge Bancorp, Inc.

Chain Bridge Bancorp, Inc. operates as a bank holding company for Chain Bridge Bank, N.A. that provides a range of commercial and personal banking services in the United States. The company offers deposits, savings, noninterest and interest-bearing checking, and money market accounts; treasury management and payments; loans, commercial lending, residential mortgage financing, and consumer loans; and trusts and estate administration, wealth management, and asset custody services. It also provides other account related services, such as wire transfers, safety deposit box rentals, and lockbox; and mobile deposits, ACH, and bill payment services. Chain Bridge Bancorp, Inc. was incorporated in 2006 and is headquartered in McLean, Virginia.

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PRA Group, Inc.

PRA Group, Inc., a financial services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. The company purchases accounts that are primarily unpaid obligations of individuals owed to credit originators. It also purchases and collects nonperforming loans, which are sold by credit originators when they choose not to pursue, or have been unsuccessful in, collecting the full balance owed. In addition, the company is involved in purchasing and collecting on nonperforming loans where the customer is involved in a bankruptcy or similar proceeding; and purchase and provide fee-based services for class action claims recoveries. Its nonperforming loans, includes general purpose and private label credit cards, consumer loans, auto loans, overdrafts, and small business loans. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.

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