MBNA
|
|
Template:Infobox Company MBNA Corporation Template:Nyse, Template:Xetra is a bank holding company headquartered in Wilmington, Delaware. It is the world's largest independent credit card issuer, specializing in affinity marketing. MBNA is derived from Maryland Bank National Association, but is no longer an acronym. The main part of MBNA is MBNA America Bank.
It was founded in 1982 by a group of Maryland National Bank executives headed by Charles M. Cawley. Until his recent death, Cleveland Browns owner Al Lerner served as Chairman of the Board. Its first branch was in Ogletown. When the company relocated to Delaware, its first office was housed in a converted A&P supermarket.
The company, which has operations throughout the United States, Canada, Ireland, Spain, and the United Kingdom, also provides retail deposit, consumer loans, and insurance products.
Employing more than 28,000 people around the world, MBNA currently owns more than $100 billion in outstanding consumer credit loans and consistently outperforms Wall Street expectations.
MBNA is a strong financial supporter of the United States Republican Party. MBNA is the top all-time campaign donor to George W. Bush, and over 80% of the company's political donations (through its employees and its PAC) go to Republican candidates. A few critics of the Republican party and of MBNA have organized a fledgling boycott of the company.
MBNA has also been accused of excessive usury, leveling high interest rates on its creditors.
Diversity
MBNA was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mothers magazine.
External links
- MBNA America (http://www.mbna.com/)
Data
- Yahoo! - MBNA Corporation Company Profile (http://biz.yahoo.com/ic/12/12449.html)
MBNA also stands for Monument Builders of North America