MBNA

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The MBNA Corporation was a US bank holding company headquartered in Wilmington , Delaware . It was the world's largest independent credit card issuer specializing in affinity marketing . The name MBNA is derived from "Maryland Bank National Association", but is no longer an abbreviation. The main part of the MBNA is the "MBNA America Bank". The MBNA slogan was "If you're into it, we're into it." On June 30, 2005, MBNA announced that it would be bought by Bank of America for more than $ 35 billion worth of stocks and money. The contracts were expected to be signed in the fourth quarter of 2005.

MBNA was founded in 1982 by a group of senior executives at Maryland National Bank led by Charles M. Cawley. The owner of the Cleveland Browns football team , Al Lerner , was the company's chairman until his death . The first MBNA branch was in Ogletown . When MBNA moved to Delaware, it set up its first office in a converted A&P supermarket.

The company, which operates in the United States, Canada , Ireland , Spain and the United Kingdom , also offers retail deposits, consumer loans and insurance . With more than 28,000 employees around the world, MBNA currently manages more than $ 100 billion in outstanding consumer loans.

MBNA supported the Republican Party and the George W. Bush campaign . In total, 80% of the Society's political donations go to Republicans through its employees and its Political Action Committee . This political orientation triggered a boycott of the company among political opponents of the Republicans. MBNA was also accused of excessive usury. This allegation sparked interest rate hikes on the part of MBNA.

Others

MBNA was named one of the Top 100 Working Mothers Companies by Working Mothers magazine in 2004 .

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