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MBNA
MBNA Corporation was a bank holding company and parent company of wholly owned subsidiary MBNA America Bank, N.A., headquartered in Wilmington, Delaware, prior to being acquired by Bank of America in 2006. History The former Maryland National Bank, once the largest banking chain in Maryland, originated as the Baltimore Trust Company in the early 1900s. It later was challenged by the expenses and problems from the building of its landmark red brick, masonry, and limestone art deco-style skyscraper in downtown Baltimore at 10 Light Street between East Redwood (known as German Street before World War I) and East Baltimore Streets. Construction began on the new BTC Building in 1924. Upon completion in 1929, it became the tallest building in Baltimore (and Maryland), surpassing the neighboring Citizens National Bank to the south. It opened just before the avalanche of economic disaster and unemployment following the Wall Street Crash of 1929. After a series of reorganizations during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Lerner
Alfred Lerner (May 8, 1933 – October 23, 2002) was an American businessman. He was best known as the chair of the board of credit-card giant MBNA and the owner of the Cleveland Browns of the National Football League. He was also a past president of the Board of Trustees of the famed Cleveland Clinic as well as a major benefactor.Goldstein, RicharAlfred Lerner, 69, Banker; Revived Cleveland BrownsNew York Times (accessed April 10, 2010) Early life and education Born in Brooklyn, New York, Lerner was the only son of Russian-Jewish immigrants. His parents owned a small candy store and sandwich shop in Queens, New York. He attended Brooklyn Technical High School and then Columbia College, the liberal arts college at Columbia University, graduating in 1955. While attending Columbia College, Lerner was initiated into the Delta chapter of Zeta Beta Tau fraternity. He served as a pilot in the U.S. Marines from 1955 to 1957, serving in Quantico, Virginia and Pensacola, Florida. Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Cawley
Charles Michael Cawley (August 15, 1940 – November 18, 2015) was a businessman and founding member of the bank MBNA. Born in Massachusetts, he was raised in New Jersey, was educated at Saint Benedict's Preparatory School and was a graduate of Georgetown University. He created MBNA in 1982, and it was acquired by Bank of America in 2006. MBNA In 1982, Cawley and a small team started what was then called the Maryland Bank National Association, spun off from Maryland National Bank and operating out of a converted A&P supermarket in Ogletown, Delaware. The next year, Cawley began upon the concept of affinity credit cards when he persuaded the Georgetown University alumni association to sponsor a credit card for its members. MBNA went public in January 1991. Cawley focused on the operations side of the company while Alfred Lerner, the chairman and CEO, managed the company's finances. In 1997, the company hired Kroll, Inc. as an outside investigator to investigate work paid for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ogletown, Delaware
Ogletown is an unincorporated community in New Castle County, Delaware, United States. Ogletown is located at the junction of Delaware routes 4 and 273, east of Newark. It is common lore that Maryland Bank (MBNA) is "the bank that ate Ogletown", after the State of Delaware awarded MBNA economic incentives to relocate, usurp and raze most of its historic structures and commerce by the late 1980s. History John Ogle came from England in September of 1664 as a member of Colonel Richard Nicoll’s military force, serving under Captain Robert Carr. His son, Thomas (born 1666-1672, died 1734), became an early American landowner in what is today central New Castle County Delaware. Ogletown is named after his son Thomas Ogle II (born about 1705, died 1771), who settled in the area of present-day Delaware Route 273 and Delaware Route 4 in the 1730The burial siteof Thomas Ogle II is isolated within a highway cloverleaf, and is the focus of an effort currently underway to recognize hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
