MBNA

MBNA was founded in 1982 as Maryland Bank, N.A., a subsidiary of Maryland National Bank. The name MBNA is an initialism that was derived as an abbreviation or acronym of Maryland Bank, National Association. In 1989, Maryland Bank was renamed MBNA America Bank. MBNA Corp. spun off from Maryland National and became an independent company in 1991. Maryland National was acquired by NationsBank in 1993.

Read more about MBNA:  Mergers and Acquisitions, MBNA History, Controversies

Other articles related to "mbna":

Belfast, Maine - History
... In the early 1990s, credit-card giant MBNA established two facilities in Belfast, one considerably larger than the other ... University of Maine System, less than a mile from the main MBNA campus ... Jobs provided by MBNA, which was recently acquired by the Bank of America, helped increase Belfast's population significantly ...
Randy Lerner - Biography - Business History
... His father Al Lerner became chairman of MBNA Corporation investing $800 million of his own money in the initial public offering (IPO) of the corporation ... In 1993, Randy became a director at MBNA ... He was involved in the sale of MBNA Corporation on January 1, 2006 to Bank of America for $35 billion ...
Al Lerner - Career
... He tried unsuccessfully to sell the bank's most successful unit, credit card issuer MBNA, to raise cash ... In 1991, he took MBNA public, investing $100 million of his own money to ensure the success of the initial sale of stock ... Controversial MBNA would blossom into the second largest credit card issuer ...
MBNA - Controversies
... MBNA was alleged to be the top contributor to George W ... MBNA was one of the companies mentioned on a 2004 Frontline WGBH Boston PBS special about unfair business practices by credit card companies ... Some practices that Frontline claimed MBNA has engaged in included doubling or tripling of interest rates, shifting billing due dates/payment cycles monthly, and ...
Wachovia - Business Lines - Acquisitions - Failed MBNA Purchase
... However, the deal fell through when Wachovia balked at MBNA's purchase price ... Within a week of the deal's collapse, MBNA entered into an agreement to be purchased by Wachovia's chief rival, Bank of America ... Union made in 2000 when it sold its credit card portfolio to MBNA ...