COMENITY BANK TRIPLES ANNUAL GRANT FUNDING AND SUPPORT TO WILMINGTON AREA NON-PROFITS
Comenity Bank, a wholly owned bank subsidiary of Alliance Data Retail Services, which manages more than 100 credit programs for some of today’s best-known brands, announced today that it is contributing approximately $325,000 through the end of 2012 to select non-profit organizations in the Wilmington area—more than tripling its 2011 financial support to continue helping to improve the Wilmington community through development grants. Comenity, formerly known as World Financial Network Bank (WFNB), will continue its legacy of community support by focusing on organizations that have demonstrated measurable results in the areas of improving financial literacy, affordable housing, small business development, and job training in the greater Wilmington area.
In addition to allocating funds to local non-profit organizations, Comenity employees help to create multifaceted partnerships with these non-profits by actively giving of their time through opportunities that positively impact the immediate community such as: financial literacy educational initiatives, board committee participation, and participation in special events that have positively impacted the development of the Wilmington community.
“Partnering with Comenity for a second year will greatly help further our mission of creating, managing and promoting a high-quality environment for people who live, work and visit historic downtown Wilmington,” said Martin Hageman, executive director of Downtown Visions, a Comenity grant recipient. “Through this grant, more small businesses in our downtown area will have the opportunity to refurbish their often-deteriorating storefronts—an effort that began in 2011 and will continue to benefit local businesses and residents for many years to come.”
“Our community partners are truly making a difference in quality of life for many in the greater Wilmington area, and that’s extremely gratifying for our organization. Comenity has a long-standing commitment to support the communities in which we live and work—it’s part of our DNA as an organization,” said Jay Coane, vice president and chief financial officer of Comenity Bank. “We’re fortunate to be in a position that has allowed us to increase our grant contributions by more than 300 percent over last year, and even more thrilled to witness how intelligently these beneficiary organizations put our funds to the best use to positively impact the quality of life for Wilmington and New Castle County residents, improve the local economy, and create a better society for future generations.”
Connections that Countˢ ͫ is Comenity’s brand promise to its cardholder customers, created with the goal of bringing them together with the brands they love, along with the company’s award-winning customer care. A member of the Alliance Data family, Comenity delivers customer-oriented tools and information that help ensure a positive shopping experience every time customers use their accounts. In addition, both Comenity Bank and Comenity Capital Bank are committed to supporting local initiatives for housing and financial literacy in their respective communities.
About Comenity Bank and Comenity Capital Bank
Comenity Bank and Comenity Capital Bank are the private-label and co-branded credit card banking subsidiaries of Alliance Data. Comenity Bank was formed as World Financial Network National Bank in 1989 to provide private label credit card services to the various retail establishments owned by Limited Brands and its subsidiaries, and their customers. Comenity Capital Bank (formerly World Financial Capital Bank) is a Utah Industrial Bank originally chartered in 2003. Both banking subsidiaries underwrite credit programs on behalf of more than 100 partners, many of which are some of North America’s best-known retail brands. For more information about Comenity®, visit www.Comenity.net. You can also learn more on Facebook.com/askcomenity and Twitter.com/askcomenity.
About Alliance Data
Alliance Data® (NYSE:ADS) and its combined businesses is North America’s largest and most comprehensive provider of transaction-based, data-driven marketing and loyalty solutions serving large, consumer-based industries. The Company creates and deploys customized solutions, enhancing the critical customer marketing experience; the result is measurably changing consumer behavior while driving business growth and profitability for some of today’s most recognizable brands. Alliance Data helps its clients create and increase customer loyalty through solutions that engage millions of customers each day across multiple touch points using traditional, digital, mobile and other emerging technologies. Headquartered in Dallas, Alliance Data employs nearly 9,000 associates at more than 50 locations worldwide.
Alliance Data is a leading provider of marketing-driven credit solutions, and is the parent company of Epsilon®, a leading provider of multi-channel, data-driven technologies and marketing services, and LoyaltyOne®, which owns and operates the AIR MILES® Reward Program, Canada’s premier coalition loyalty program. For more information about the company, visit our website, www.AllianceData.com, or you can follow us on Twitter at www.Twitter.com/AllianceData.
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