BNET Industries
Last Fiscal Year Sales:$4.0B
- Private
Dow Jones Description
MBNA Corporation and Bank of America Corporation have merged, and MBNA is now part of Bank of America. We are committed to providing high quality service to you in more communities across America than any other financial institution. Our customers remain our No. 1 priority. We continue to provide you with higher standards of service and convenience that you expect from a world-class company like Bank of America.
Chairman, President & CEO
John R. CochranNumber of Employees 26,300
Contact Information
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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UPDATE:AmEx To Expand Pre-Paid Card Options With Revolution Buy
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Action Line: Hey, where's my reward?
News & Analysis
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bank and mbna corp. - All News and Analysis
PNC Financial to get back into credit cards, end ties with Bank of America
- 2006-08-28
Seven years after it stopped issuing credit cards, PNC Financial Services Group is getting back into the business and ending its card partnership with Bank of America Corp. PNC will roll out its new credit cards Friday, said Dan Tuccillo, head of consumer products for the Pittsburgh-based bank. The cards...
Four area bank call centers to close this year
- 2006-04-11
Bank of America Corp. plans to close four call centers within 90 minutes of Philadelphia by the end of the year as it consolidates offices and jobs acquired in recent mergers. The bank, based in Charlotte, N.C., will close call centers it acquired from FleetBoston Financial Corp. in Horsham,...
MBNA shareholders approve bank merger
- 2005-11-04
WILMINGTON, Del. -- Shareholders of MBNA Corp. on Thursday overwhelmingly approved the company's $35 billion acquisition by Bank of America Corp. About 20 shareholders attended the meeting, which lasted less than 10 minutes, at MBNA headquarters in Wilmington. Most of the shares were voted by proxy, company officials...
MasterCard, Visa lose card appeal; the US Supreme Court has rejected appeals by Visa and MasterCard of a ruling that the two credit card associations violated antitrust law by barring banks from issuing credit cards for rival networks
- 2004-10-18
The top court's action, issued without comment, is expected to benefit issuers such as MBNA Corp, as well as American Express, which has been aggressive in courting bank partners. Morgan Stanley's Discover unit, which has been working to expand its own payment network, is also pursuing partners. The...
MBNA Corp. to Offer New American Express Credit Card.
- 2004-01-30
By Nancy Dillon, Daily News, New York Knight Ridder/Tribune Business News Jan. 30--American Express took a swipe at Visa and MasterCard yesterday, announcing its first-ever deal to issue credit cards through a major U.S. bank. MBNA Corp. will begin...
MBNA Maryland CEO to Retire; Bank Executive to Take Over in Hunt Valley.
- 2003-11-29
By Paul Adams, The Baltimore Sun Knight Ridder/Tribune Business News Nov. 29--Charles M. Cawley, who led the move of MBNA Corp.'s headquarters from Maryland to Delaware and helped build it into the world's second-largest credit card company, will retire Dec. 30,...
Dare to be different: whether in sport, financial services or other industries, sometimes gaining the competitive edge means taking an unconventional approach. Andrew Dyer of Boston Consulting Group looks at organisations who have dared to be different
- 2003-10-01
The date was 9 December 1934. The New York Giants were playing the Chicago Bears for the championship of the National Football League. The two teams were thought to be evenly matched, but heavy rains and cold temperatures had turned the field into a virtual sheet of ice. The...
Earnings Don't Tell Whole Story for Banks' Stock; Expectations Are Key.
- 2002-10-18
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Oct. 18--Two of the region's biggest financial companies reported third-quarter profits yesterday, and Wall Street's reaction showed it was not just how much money a company makes, but whether it beats,...
Journal Daily
- 2002-01-21
Joint Account Holder Has CU Vote ALEXANDRIA, Va.-A joint account holder is entitled to vote in a credit union's elections, NCUA said in a new legal opinion letter. The letter, issued to Winston-Salem (N.C.) City Employees' CU, said those voter rights hold true as long as the joint...
Two of Philadelphia-Area's Biggest Banks Report Record Profits for 2001.
- 2002-01-11
By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News Jan. 11--Defying the slowdown in the U.S. economy, two of the Philadelphia area's biggest banks reported double-digit growth and record profits for 2001 yesterday. Credit-card lender MBNA Corp....
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Randall J. Black | Chief Accounting Officer & Assistant Treasurer |
| David Turner | Senior Executive Vice President |
| Michael L. Brosnan | Senior Executive Vice President, Risk Management |
| Benjamin R Civiletti | |
| James H Berick | |
| John W. Scheflen | Secretary |
| Laura S. Unger | |
| Mary M Boies | |
| Stuart L Markowitz | |
| William B Milstead |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John R. Cochran | Chairman, President & CEO |
| Kenneth A. Vecchione | Senior Vice Chairman & CFO |
| Michael G. Rhodes | Executive Vice Chairman & Chief Marketing Officer |
| Charles C. Krulak | Vice Chairman |
| Frank P. Bramble | Executive Vice Chairman |
| Kenneth F. Boehl | Senior Vice Chairman |
| Lance L. Weaver | Vice Chairman |
| Richard K. Struthers | Vice Chairman |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Chairman, President & CEO | Current |
| MBNA Corp. | COO | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Senior Vice Chairman & CFO | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Executive Vice Chairman & Chief Marketing Officer | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Chief Accounting Officer & Assistant Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Senior Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Senior Executive Vice President, Risk Management | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Current | |
| The Town & Country Trust | Director | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Secretary | Current |
| Ben-Gurion University of the Negev | member | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Current | |
| Ambac Financial Group, Inc. | Director | Current |
| Jk&B Capital | Board of Directors | Current |
| USA 2017 | Board of Directors | Current |
| CNBC | Former | |
| Borland Software Corporation | Director | Former |
| University of California, Berkeley | Bachelor of Arts Degree | Former |
| New York Law School | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Current | |
| CBS Corporation | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Current | |
| Case Western Reserve University | Clinical Professor | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Current | |
| Ernst & Young | partner | Former |
| Organization | Position | Status |
|---|---|---|
| Tech Bank | Senior Advisor | Current |
| Union Pacific Corporation | Board of Directors | Current |
| Freeport-McMoran Copper & Gold, Inc. | Director | Current |
| Phelps Dodge Corporation | Director | Current |
| MBNA Corp. | Vice Chairman | Current |
| MBNA Europe Bank Limited | Chief Executive Officer | Former |
| MBNA Corp. | chief administration officer | Former |
| United States Marine Corps | Former | |
| Visitors | Chairman of The Board | Former |
| MBNA Europe Bank Limited | Chairman | Former |
| The George Washington University | Master of Science Degree In Labor Relations | Former |
| The George Washington University | Bachelor of Science Degree In Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Executive Vice Chairman | Current |
| Bank of America Corporation | Board of Directors | Current |
| MBNA Corp. | Consultant | Former |
| MBNA Corp. | Director | Former |
| Constellation Energy Group, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Senior Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| MBNA Corp. | Vice Chairman | Current |
Ric Struthers is president of Bank of America Global Card Services and is a member of the corporation’s senior management team. In his current role, Struthers oversees the largest credit card portfolio in the United States and Europe serving more than 70 million customers. He is also leads the company’s unsecured lending and international card businesses. In total, he is responsible for nearly $230 billion in managed loans with an emphasis on delivering financial solutions to our customers, product and marketing innovation as well as opportunities for global expansion. Struthers joined the company in January 2006 after serving as Executive Vice Chairman of the MBNA America Bank. Struthers was a founding member of the management team that established MBNA in 1982 and has more than 31 years of management experience in consumer lending. A graduate of Penn State University and the Retail School of Banking at the University of Virginia, Struthers began his financial services career in 1978 at Maryland National Bank, where he was a manager in the Consumer Banking Division. Struthers also serves as the Bank of America Delaware Market President and is a board member of the Bank of America Foundation. He is also a member of the Global Diversity and Inclusion Council and an Executive Sponsor of the Hispanic/Latino Organization for Leadership and Advancement (HOLA). Active in civic affairs, he is a member of the board of directors of Emmaus House, an organization that provides shelter to the homeless and a board member at the Second Mile, an organization focused on prevention, early intervention, and community-based programs for at-risk children. In addition, Struthers serves as the Chairman of the Delaware State Chamber of Commerce. He is a past chair of the Smeal Business School Board of Visitors at Penn State and a member of the National Council on Penn State Philanthropy. Struthers lives with his family in Wilmington, Delaware.
| Organization | Position | Status |
|---|---|---|
| Bank of America Corporation | President, Global Card Services | Current |
| Delaware State Chamber of Commerce | Chairman | Current |
| MBNA Corp. | Vice Chairman | Current |
| Maryland National Bank | Manager, Consumer Banking Division | Former |
| University of Virginia | Graduate, Retail School of Banking | Former |
| The Pennsylvania State University | Graduate | Former |
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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