MBNA's lending fell in 1st quarter

Article Abstract:

This article discusses the finances of MBNA Corp. The Wilmington, Delaware-based credit-card bank. Lending declined in the first quarter, but profits rose 33% over last year because the company pocketed the savings from rate cuts by the Federal Reserve.

Author: DiStefano, Joseph N.
Sales, profits & dividends, Bank Credit Cards, Mortgage and Nonmortgage Loan Brokers, Consumer Loans, Statistical Data Included, Brief Article, Personal loans, MBNA Corp., KRB

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Former U.S. Bancorp official to lead First USA

Article Abstract:

Wilmington, Penn.-based First USA, which is a subsidiary of Bank One Corp., has announced the appointment of Philip G. Heasley as its new chief executive officer. Mr. Heasley, who had worked at U.S. Bancorp, has replaced William P. Boardman.

Author: DiStefano, Joseph N.
Executive changes & profiles, First USA Bank

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Bank founder settle lawsuit

Article Abstract:

United Bank of Philadelphia has agreed to pay $1.34 million to Emma C. Chappell, its former chairwoman, as settlement for a lawsuit.

Author: DiStefano, Joseph N.
Legal issues & crime, Pennsylvania, United Bank of Philadelphia

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Subjects list: United States, Commercial banks
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