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MBNA 500
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] |
Wilmington, Delaware
Wilmington ( Lenape: ''Paxahakink /'' ''Pakehakink)'' is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley metropolitan area. Wilmington was named by Proprietor Thomas Penn after his friend Spencer Compton, Earl of Wilmington, who was prime minister during the reign of George II of Great Britain. At the 2020 census, the city's population was 70,898. The Wilmington Metropolitan Division, comprising New Castle County, Delaware, Cecil County, Maryland and Salem County, New Jersey, had an estimated 2016 population of 719,887. Wilmington is part of the Delaware Valley metropolitan statistical area, which also includes Philadelphia, Reading, Camden, and other urban are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Banking Act
__NOTOC__ The Emergency Banking Act (EBA) (the official title of which was the Emergency Banking Relief Act), Public Law 73-1, 48 Stat. 1 (March 9, 1933), was an act passed by the United States Congress in March 1933 in an attempt to stabilize the banking system. Bank holiday Beginning on February 14, 1933, Michigan, an industrial state that had been hit particularly hard by the Great Depression in the United States, declared a four-day bank holiday. Fears of other bank closures spread from state to state as people rushed to withdraw their deposits while they still could do so. Within weeks, all other states held their own bank holidays in an attempt to stem the bank runs, with Delaware becoming the 48th and last state to close its banks on March 4. Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation's banking system and to stabilize America's banking system. On March 6, he declared a four-day ''national'' bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Football League
The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). The NFL is one of the major professional sports leagues in the United States and Canada and the highest professional level of American football in the world. Each NFL season begins with a three-week preseason in August, followed by the 18-week regular season which runs from early September to early January, with each team playing 17 games and having one bye week In sport, a bye is the preferential status of a player or team that is automatically advanced to the next round of a tournament, without having to play an opponent in an early round. In knockout (elimination) tournaments they can be granted eit .... Following the conclusion of the regular season, seven teams from each conference (four division winners and three wild card teams) advance to the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cleveland Browns
The Cleveland Browns are a professional American football team based in Cleveland. Named after original coach and co-founder Paul Brown, they compete in the National Football League (NFL) as a member club of the American Football Conference (AFC) North division. The Browns play their home games at FirstEnergy Stadium, which opened in 1999, with administrative offices and training facilities in Berea, Ohio. The Browns' official club colors are brown, orange, and white. They are unique among the 32 member franchises of the NFL in that they do not have a logo on their helmets. The franchise was founded in 1944 by Brown and businessman Arthur B. McBride as a charter member of the All-America Football Conference (AAFC), and began play in 1946. The Browns dominated the AAFC, compiling a 47–4–3 record in the league's four seasons and winning its championship in each. When the AAFC folded after the 1949 season, the Browns joined the NFL along with the San Francisco 49ers and the ... [...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] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brand
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand names are sometimes distinguished from Generic brand, generic or store brands. The practice of branding - in the original literal sense of marking by burning - is thought to have begun with the ancient Egyptians, who are known to have engaged in livestock branding as early as 2,700 BCE. Branding was used to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot branding iron. If a person stole any of the cattle, anyone else who saw the symbol could deduce the actual owner. The term has been extended to mean a strategic personality for a produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgetown University
Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georgetown College (Georgetown University), Georgetown College, the university has grown to comprise eleven Undergraduate education, undergraduate and Postgraduate education, graduate schools, including the School of Foreign Service, Walsh School of Foreign Service, McDonough School of Business, Georgetown University School of Medicine, Medical School, Georgetown University Law Center, Law School, and a Georgetown University in Qatar, campus in Qatar. The school's main campus, on a hill above the Potomac River, is identifiable by its flagship Healy Hall, a National Historic Landmark. The school was founded by and is affiliated with the Society of Jesus, and is the oldest Catholic institution of higher education in the United States, though the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alumni Association
An alumni association or alumnae association is an association of graduates or, more broadly, of former students (alumni). In the United Kingdom and the United States, alumni of universities, colleges, schools (especially independent schools), fraternities, and sororities often form groups with alumni from the same organization. These associations often organize social events, publish newsletters or magazines, and raise funds for the organization. Many provide a variety of benefits and services that help alumni maintain connections to their educational institution and fellow graduates. In the US, most associations do not require its members to be an alumnus of a university to enjoy membership and privileges. Additionally, such groups often support new alumni, and provide a forum to form new friendships and business relationships with people of similar background. Alumni associations are mainly organized around universities or departments of universities, but may also be organi ... [...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] |
The Great Atlantic & Pacific Tea Company
The Great Atlantic & Pacific Tea Company, better known as A&P, was an American chain store, chain of grocery stores that operated from 1859 to 2015. From 1915 through 1975, A&P was the largest grocery retailer in the United States (and, until 1965, the largest U.S. retailer of any kind). A&P was considered an American icon that, according to ''The Wall Street Journal'', "was as well known as McDonald's or Google is today".. At its peak in the 1940s, A&P captured 10% of total US grocery spending. Known for innovation, A&P improved consumer's nutritional habits by making available a vast assortment of food products at much lower costs. Until 1982, A&P also was a large food manufacturer. A&P was founded in 1859 by George Gilman as "Gilman & Company", who opened a small chain of retail tea and coffee stores in New York City, and then expanded to a national mail order business. The firm grew to 70 stores by 1878; by 1900, it operated almost 200 stores. A&P grew dramatically by intr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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