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MBNA was founded in 1982 as Maryland Bank, N.A. [3][4][5] Led by Charles Cawley, MBNA opened its first office in a converted A&P (Great Atlantic & Pacific Tea Company) food supermarket in Ogletown, Delaware. [6] An early driver of MBNA's growth was the creation of "affinity cards" in 1983. Cawley convinced the alumni association at his alma ...
Charles Michael Cawley (August 15, 1940 – November 18, 2015) was a businessman and founding member of the bank MBNA. [1] [2] 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.
On June 30, 2005, Bank of America announced it would purchase credit card giant MBNA for $35 billion in cash and stock. The Federal Reserve Board gave final approval to the merger on December 15, 2005, and the merger closed on January 1, 2006. The acquisition of MBNA provided Bank of America a leading domestic and foreign credit card issuer.
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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 (NFL). He was also a past president of the Board of Trustees of the Cleveland Clinic as well as a major benefactor.
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FAQ. Takeaway. The maximum recommended daily dose of magnesium for adults is 420 mg for males and 350 mg for females. However, some factors may influence your required dose, such as age and health ...
4.2/10 [2] The 2004 Bass Pro Shops MBNA 500 was a NASCAR Nextel Cup Series stock car race held on October 31, 2004 at Atlanta Motor Speedway in Hampton, Georgia. Contested over 325 laps, the race was the 33rd of the 36-race 2004 NASCAR Nextel Cup Series season. Ryan Newman of Penske-Jasper Racing won the pole, while Jimmie Johnson of Hendrick ...