I am posting this imformation for anyone who is interested and may be affected by this in the future. ******************************************* MBNA buys $1.3 bln Wachovia portfolio WILMINGTON, Del., April 17 (Reuters) - MBNA Corp. <KRB.N> said Wednesday it bought a $1.3 billion credit card portfolio from Wachovia Corp. <WB.N> in a bid to expand its customer base. MBNA, the parent of MBNA America Bank, said it would provide services to 550,000 customers in Wachovia's portfolio under the deal. The deal extends MBNA's card marketing agreement with First Union, signed in August 2000, to Wachovia customers, following the September 2001 merger of First Union and Wachovia. MBNA is the largest independent credit card lender in the world, specializing in retail deposit, consumer loan and insurance products. Its shares were up 30 cents to $38.65 in afternoon trading on the New York Stock Exchange, and Wachovia stock was 41 cents higher at $38.39. 04/17/02 14:47 ET ***************************************
I thought WACHOVIA/FIRST UNION was part of FIRST USA/BANK ONE... Regardless...in about 10 years or less there is only going to be 10 banks...
On 06/23/2001.. MBNA purchased the The First Union Credit Card Portfolio.. at that time it did not consist of all of the Wachovia /First Usa Conversion Credit Card Accounts.. as of this month, they will be Handling all of those accts..
"Walk All Over You" is what we call Wachovia. It's good to see MBNA is snatching them up.... They use to have some of the worst fees and cust serv Walk All Over you Good Bye......
