MBNA Corporation Splits Stock; Quarterly Dividend Announced
WILMINGTON, Del., July 15 /PRNewswire/ -- MBNA MBNA Monument Builders of North America
MBNA Mercedes-Benz North America
MBNA Maryland Bank, National Association
MBNA Maryland Bank North America
MBNA Mount Baker Nurses Association (Bellingham, Washington) Corporation (NYSE NYSE
See: New York Stock Exchange : KRB KRB Krebs Ringer Bicarbonate ) announced today a three-for-two stock split of its common shares. This will be effected in the form of a dividend, with one additional common share issued on October 1, 1997, for every two common shares held by stockholders of record as of the close of business on September 15, 1997.
MBNA's Board of Directors also declared a quarterly cash dividend of $.12 per common share, payable October 1, 1997, to stockholders of record as of September 9, 1997.
MBNA Corporation, a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $43.2 billion in managed loans. MBNA, the country's second largest credit card lender, also provides retail deposit, consumer loan, insurance, and card acceptance services.
SOURCE MBNA Corporation
/CONTACT: Brian D. Dalphon, Director, Investor Relations of MBNA, 302-432-1251/
/MBNA press releases available through Company News On-Call by fax, 800-758-5804, ext. 542850, or at http://www.prnewswire.com /
CO: MBNA Corporation; MBNA America Bank, N.A. ST: Delaware IN: FIN SU: DIV
DP -- PHTU028 -- 7292 07/15/97 11:39 EDT http://www.prnewswire.com