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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mbna corp. and sales - All News and Analysis
Show your affinity--apply for the ACTE card.(Association for Career and Technical Education with MBNA Corp. introduces credit card)(Brief article)
- 2006-11-01
Show your support for ACTE and career and technical education by applying for the ACTE credit card. Through its partnership with MBNA, ACTE is able to offer its members a credit card with a great annual percentage rate APR. In fact, ACTE members who...
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...
Bank of America takes over MBNA
- 2006-01-02
WASHINGTON AFP — Bank of America has formally taken over MBNA Corporation, sealing a mammoth 34-billion-dollar banking acquisition and creating the largest credit card issuer in the United States measured by balances. The Charlotte, North Carolina-based Bank of America said as a result of the takeover, which took effect...
10 Deals... ...That mattered in 2005.(News)
- 2006-01-02
The land down under * Cleveland-Cliffs Inc. took another big step into the world market when it bought an 80% stake in Portman Ltd., Australia's third-largest miner of iron ore. It wasn't Australia, though, that sparked Cliffs' interest; Portman sells three-quarters of its ore...
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...
Bank of America to buy MBNA
- 2005-07-15
Bank of America Corporation announced it will buy MBNA Corporation, a leading provider of credit cards. Bank of America will become one of the largest card issuers in the United States, with $143 billion in managed outstanding balances and 40 million active accounts, upon completion of the transaction, which is...
Fitch Assigns ABS Seller/Servicer Rtgs to MBNA America Bank N.A
- 2005-07-11
NEW YORK -- Fitch Ratings has assigned MBNA America Bank N.A. MBNA an 'ABPS/S 1-minus' ABS seller/servicer rating for credit card origination and servicing. MBNA is a wholly-owned subsidiary of MBNA Corporation (NYSE: KRB). The rating is based on the highly experienced management team and staff who manage the bank's...
Fitch Affirms $67.9B in U.S. Credit Card ABS Following B of A/MBNA Announcement
- 2005-07-06
NEW YORK -- Fitch Ratings affirms the classes A, B, and C ratings assigned to all outstanding series issued by the BA Master Credit Card Trust, Fleet Credit Card Master Trust II, MBNA Credit Card Master Note Trust, and the MBNA Master Credit Card Trust II, including MBNA's series 2001-Emerald...
The Week: June 27 - July 3.(The Insider)(Bank of America Corp. acquired MBNA Corp.)(Harbor Group International and Electra Real Estate brought BP Tower on Public Square from Equity Office Properties )(Eaton Corp. acquires Morestana SA )
- 2005-07-04
The big story: Credit card giant MBNA Corp. (NYSE: KRB) of Delaware, a company built by the late Cleveland Browns owner Al Lerner, will be bought by Bank of America Corp. (NYSE: BAC) in a $35 billion cash and stock deal. The combination will create the country's...
Bank of America 'leaps'
- 2005-07-01
CHARLOTTE, N.C. -- In a bold move that reinforces Bank of America Corp.'s dominance of consumer banking in the United States, the nation's third-largest bank said Thursday it will buy credit-card leader MBNA Corp. in a deal worth $35 billion in stock and cash. The acquisition reshapes the...
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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