Delaware Officials react to the MBNA sale
Governor Ruth Ann Minner
(Press Release)
“MBNA has a history and a legacy in Delaware that we are thankful for, but change is a constant in the business world. MBNA informed me of this sale in a call early this morning. It is true that there will be job cuts as these companies combine and no doubt some of those will be in Delaware. But I am reassured that the credit card business of the new Bank of America will stay in Delaware and that Bruce Hammonds will stay here as well.”
Wilmington Mayor James M. Baker
(Press Release)
“Wilmington is a great place to do business and is home to some of the greatest companies in the world. We will miss many of the relationships that developed over the years with MBNA and its company officials, as it grew into one of the largest companies in the world, right here from its home base in our City. Times change, circumstances change, and yet, I view today’s announcement as a positive step forward, filled with wonderful opportunities for Wilmington, for the State, for MBNA, and for Bank of America.”
Sen. Tom Carper
(as quoted in the News Journal)
“It’s about as good a fit as we could have hoped for,” “They could have merged with an institution that would have moved its headquarters somewhere else.”
Also, view the press release from Bank of America.