Shareholders Approve Sale OfMBNA

November 04, 2005, 1:00 a.m. EST 1 Min Read

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WILMINGTON, Del. - (11/04/05) -- MBNA shareholders Thursday approvedthe sale of the nation's largest credit card bank to Bank ofAmerica. The $34 billion deal, which is still subject to regulatoryapproval, is scheduled to close in January. The deal will bring thecredit card programs at more than 100 credit unions currentlymanaged by MBNA, under the management of BofA.

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