Statement of Senator Biden On Sale of MBNA

Statement

By:  Joe Biden, Jr.
Date: June 30, 2005
Location: Washington, DC

U.S. Senator Joseph R. Biden, Jr. today issued the following statement regarding the sale of MBNA America to Bank of America.

"MBNA has been a driving force behind the state's strong economy for nearly two decades. I hope this planned merger will create new opportunities, take advantage of our professional and experienced workforce and Delaware's many other resources. It is a good sign that Bank of America has already indicated that they will keep the credit card division in Wilmington. I look forward to Bank of America following MBNA's example of outstanding corporate citizenship."