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[3] [4] The neighboring state of Delaware, by contrast, had removed interest-rate restrictions in 1981. When Maryland failed to do the same, MNC Financial moved its credit-card business across the state line. MBNA was founded in 1982 as Maryland Bank, N.A. [3] [4] [5]
In 1998, PNC sold its credit card business to Metris (now HSBC Finance) [18] and MBNA. [19] In 2000, the company adopted a new brand image and changed its name to PNC Financial Services Group. [20] In 2001, PNC sold the original PNC Mortgage to Washington Mutual due to volatility in the market. [21]
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.
After the Marines, Lerner began selling furniture, earning $75 a week. [1] eventually saving enough money to buy an apartment building in Cleveland. [3]His real estate portfolio grew and in 1990, he became a major shareholder in MNC Financial, the parent corporation of Maryland National Bank, which was at the time the largest bank headquartered in the State of Maryland.
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Key takeaways. You can cancel a credit card application by calling or emailing the credit card company's customer service department — but you've limited time to act.
The Pennsylvania State University (Penn State or PSU) is a public state-related land-grant research university with campuses and facilities throughout Pennsylvania, United States. Founded in 1855 as Farmers' High School of Pennsylvania, [13] Penn State was named the state's first land-grant university eight years later, in 1863.
PSECU (also known as Pennsylvania State Employees Credit Union) is a state-chartered credit union headquartered in Harrisburg, Pennsylvania. [1] PSECU is a not-for-profit financial entity [ 2 ] that serves more than 480,000 members and manages over $7.5 billion in assets.