Misplaced Pages

#261738

64-568: The former Maryland National Bank , once the largest banking chain in Maryland, originated as the Baltimore Trust Company in the early 1900s. It later was challenged by the expenses and problems from the building of its landmark red brick, masonry, and limestone art deco -style skyscraper in downtown Baltimore at 10 Light Street between East Redwood (known as German Street before World War I ) and East Baltimore Streets. Construction began on

128-431: A local board of health was established for the town. The local board district covered part of the parish of Watford and part of the neighbouring parish of Bushey . The Watford Local Board District came into effect on 15 August 1850, and the first board was elected the following month. The local board was responsible for building the town's waterworks and sewers. For a time the board held its meetings at an upper room of

192-523: A community centre, cricket squares, football pitches and Woodside Leisure Centre. Woodside Stadium is home to Watford Harriers Athletics Club and hosts national level events such as the British Milers Club Grand Prix. There are 92 nationally listed buildings in Watford. These include St Mary's Church , which dates to the 12th century, and Holy Rood Church which dates to 1890. St Mary's

256-400: A day or two late. MBNA has been found to be one of the leading implementors of rate-jacking. For further information and links, see credit card . In Ireland, MBNA was accused of calling consumers up to eight times a day who were behind in making payments, which prompted the state debt advisory service to publicly state that harassment is outlawed. Affected people were advised to complain to

320-532: A larger Muslim and Hindu population than the average. Watford has two tiers of local government, at district (borough) and county level: Watford Borough Council and Hertfordshire County Council . Watford is one of only 15 authorities in England and Wales headed by a directly elected mayor . Dorothy Thornhill was the first directly elected mayor of Watford , elected in May 2002 and re-elected in May 2006 and May 2010. She

384-543: A major investor and chairman of Maryland National since 1989, was the new MBNA's largest stockholder and chairman. Lerner became a multi-billionaire and purchased the Cleveland Browns franchise of the National Football League in 1998. He served as chairman of MBNA until his death in 2002. Maryland National was acquired by NationsBank in 1993. As MBNA grew, it became one of the most profitable companies in

448-471: A short branch line via Watford High Street to Rickmansworth (Church Street) , and another branch was added to Croxley Green in 1912. The original plan was to extend the Rickmansworth line south connecting Watford to Uxbridge ; this scheme failed and both the Rickmansworth and Croxley branches closed. Watford's population had risen to 17,063 by 1891 to become very cramped. Local landowners sold land for

512-456: A single parish called Watford. Watford became a municipal borough on 18 October 1922 when it was granted a charter of incorporation. The council was granted a coat of arms on 16 October 1922, two days before it became a borough. Upton House at 14 High Street continued to serve as the meeting place and offices for Watford Urban District Council and then Watford Borough Council until 1940. In 1938 work began on building Watford Town Hall at

576-477: A wholly owned subsidiary of Bank of America. On June 10, 2006, MBNA changed its name to FIA Card Services , National Association (FIA), which is not an acronym . On October 20, 2006, Bank of America, National Association (USA), a subsidiary of Bank of America Corporation, merged with and into FIA. This purchase was a reunion of sorts. In 1993, NationsBank (formerly NCNB, and originally North Carolina National Bank ) bought MNC Financial (whose credit card division

640-421: Is a Grade-II-listed building, now in the middle of a high density housing development, it and was for many years a second-hand car dealership. Watford Junction railway station is situated to the north east of the town centre. These developments gave the town excellent communications and stimulated its industrial growth during the 19th and 20th centuries. The Grand Union Canal, allowed coal to be brought into

704-517: Is a Sparrows Herne Trust plaque. In 1778, Daniel Defoe described Watford as a "genteel market town, very long, having but one street." Watford remained an agricultural community with some cottage industry for many centuries. The Industrial Revolution brought the Grand Junction Canal (now Grand Union Canal ) from 1798 and the London and Birmingham Railway from 1837, both located here for

SECTION 10

#1732858803262

768-515: Is believed to be the combination of 'caeg', a person's name, and 'hoe', meaning a spur of land. When the land was granted to Sir Richard Morrison in the 16th century, it was called 'Cayshobury', with 'bury' indicating a manor. Cassiobury Park was formed from the grounds of Cassiobury House and consists of 190 acres (0.77 km ) of open space. The house was demolished in 1927 and the Cassiobury Gates in 1970, for road widening. In July 2007,

832-459: Is evidence of some limited prehistoric occupation around the Watford area, with a few Celtic and Roman finds, though there is no evidence of a settlement until much later. Watford stands where the River Colne could be crossed on an ancient trackway from the southeast to the northwest. Watford's High Street follows the line of part of this route. The town was located on the first dry ground above

896-638: Is noted for its interior which was renovated in 1850 by the architect George Gilbert Scott and includes fine oak pews decorated in the Gothic Revival style. It also contains the Essex Chapel, which served at the burial place of the nobility of the Cassiobury Estate, including the Earls of Essex . The chapel contains a number of large, ornate marble tombs and memorials dating from the 16th century and later, and

960-548: Is one of the places marking the boundary of "Oxanhaege". It is not mentioned in the Domesday Book of 1086, when this area was part of St Albans Abbey's manor of Cashio. In the 12th century the Abbey was granted a charter allowing it to hold a market here, and the building of St Mary's Church began. The settlement's location helped it to grow, since as well as trade along this north–south through route it possessed good communications into

1024-464: The Earls of Essex . The town developed next to the River Colne on land belonging to St Albans Abbey . In the 12th century, a charter was granted allowing a market, and the building of St Mary's Church began. The town grew partly due to travellers going to Berkhamsted Castle and the royal palace at Kings Langley . A mansion was built at Cassiobury in the 16th century. This was partly rebuilt in

1088-585: The FBI . On June 30, 2005, MBNA announced that it was being acquired by Bank of America for stock and cash totaling more than $ 35 billion, and the deal was closed on January 1, 2006. The acquisition resulted in MBNA being renamed to "Bank of America Card Services" while still based in Delaware. For the first part of 2006, MBNA still issued credit cards under its own name associated with Mastercard, VISA, and American Express, but by

1152-569: The Local Government Act 1894 and a municipal borough by grant of a charter in 1922. The borough, which had 102,246 inhabitants in the 2021 census (up from 90,301 inhabitants at the 2011 census, an increase of 13.23%), is separated from Greater London to the south by Three Rivers District . Watford Borough Council is the local authority with the Mayor of Watford as its head – one of only 18 directly elected mayors in England and Wales . There

1216-518: The Toronto-Dominion Bank would be purchasing MBNA's Canadian MasterCard portfolio. The acquisition of MBNA Canada by TD, which was completed on December 1, 2011, saw TD become a dual credit issuer (both Visa and MasterCard), become Canada's largest MasterCard issuer, and one of Canada's largest credit issuing banks. In January 2013, Virgin Money agreed to buy £1 billion of assets from MBNA, namely

1280-554: The Virgin Credit Card assets which MBNA had serviced and managed in partnership with Virgin Money since 2002. The former Vice Chairman of MBNA Corporation, Lance Weaver, became Virgin Money's President of Virgin Money Cards. On December 20, 2016, Lloyds Banking Group announced that it would purchase MBNA's UK portfolio from Bank of America for £1.9 billion, its first acquisition after the financial crisis of 2007–2008 . The deal

1344-505: The modernist architect Ernő Goldfinger , the designer Robin Day conceived the polypropylene stacking chair , now recognised as a classic of modern design. Although Hille left the area in 1983, the listed Goldfinger building still stands on St Albans Road. Mod culture found expression through clubs such as the Ace of Herts in the 1960s. The de Havilland factory at Leavesden was responsible for

SECTION 20

#1732858803262

1408-408: The 17th century and another country house was built at The Grove . The Grand Junction Canal in 1798 and the London and Birmingham Railway in 1837 resulted in Watford's rapid growth, with paper-making mills such as John Dickinson at Croxley, influencing the development of printing in the town. Two brewers, Benskins and Sedgwicks , amalgamated and flourished in the town until their closure in

1472-568: The 1990s, opened officially in June 1992. The owners of the shopping centre, Capital Shopping Centres, changed their name to Intu , resulting in The Harlequin changing name to "intu Watford" from May 2013. Carrying forward £4.5 billion of debt into 2020, the company was not able to survive the retail downturn due to the COVID-19 crisis , and went into administration in June 2020. The council owns part of

1536-525: The 2006 World Golf Championship and the 2013 Bilderberg Conference , took place at The Grove hotel . The town was home to the Scammell Lorries factory from 1922 until 1988. The site is now a residential area. Tandon Motorcycles , founded by Devdutt Tandon, were manufactured in Colne Way from 1947 until 1959. The name Cassiobury has had various spellings over time. It is derived from 'Caegshoe', which

1600-550: The United States, the world's largest independent credit card issuer, and the largest private-sector employer in Delaware. In 1995, MBNA moved its headquarters from a suburban location to Rodney Square in downtown Wilmington, Delaware . This investment was credited with helping to revive Wilmington's downtown real estate market. In 2003, MBNA partnered with Bluefish entrepreneur Steve Sims to launch its own credit card. Historically, many MBNA executives were former employees of

1664-578: The Wikimedia System Administrators, please include the details below. Request from 172.68.168.132 via cp1112 cp1112, Varnish XID 376176599 Upstream caches: cp1112 int Error: 429, Too Many Requests at Fri, 29 Nov 2024 05:40:03 GMT Watford Holy Rood Church , Watford ( / ˈ w ɒ t f ər d / ) is a town and borough in Hertfordshire , England, 15 miles (24 km) northwest of Central London , on

1728-452: The area was part of the three seat constituency of Hertfordshire . The council have made twinning links with five towns. The first was Mainz , Germany, in 1956, and the most recent is Pesaro , Italy, in 1988; the others are Nanterre , Novgorod , and Wilmington, Delaware . The council award an honorary status of Freedom of the Borough to certain individuals "who have in the opinion of

1792-592: The bank was reorganized as the Maryland National Bank. Maryland National's parent, bank holding company MNC Financial, began offering credit cards in the 1960s. In the early 1980s, Maryland banks lobbied the Maryland General Assembly for legislation to permit higher interest rates on credit-card charges, but lawmakers refused. The neighboring state of Delaware, by contrast, had removed interest-rate restrictions in 1981. When Maryland failed to do

1856-403: The banks of the River Colne . Initially a small market town , the Grand Junction Canal encouraged the construction of paper-making mills, print works, and breweries . While industry has declined in Watford, its location near London and transport links have attracted several companies to site their headquarters in the town. Cassiobury Park is a public park that was once the manor estate of

1920-532: The close relationship between Biden and MBNA, Byron York called Biden the "Senator from MBNA" in a 1998 article for conservative magazine The American Spectator . MBNA was one of the companies mentioned on a 2004 Frontline WGBH Boston PBS special about unfair business practices by credit card companies. Some practices that Frontline claimed MBNA has engaged in included doubling or tripling of interest rates, shifting billing due dates/payment cycles monthly and raising rates for customers whose payments were

1984-399: The council, rendered eminent services to the borough"; as of 2020 there are three freemen: Elton John , and two local councillors involved in the twinning process. The ancient parish of Watford was included in the hundred of Cashio . In 1835, Watford became the centre of a poor law union , and a workhouse was built in 1836–1837 at 60 Vicarage Road (then called Hagden Lane). In 1850

MBNA - Misplaced Pages Continue

2048-518: The cramped and unsanitary houses in the yards and alley-ways opening off the High Street. Some of these people were among those who rioted in 1902 when the celebration for King Edward VII 's coronation was postponed. The council had a programme of slum clearance which stopped with the outbreak of World War I in 1914. Building council houses resumed after the war and in the 1920s the Harebreaks estate

2112-620: The development of the town and it was bought up by commercial interests. Various factories and other works sprung up in Watford, mostly breweries and prints, but also engineering works, a steam laundry, a cold storage company and a cocoa processing plant. The town expanded rapidly, most of the new inhabitants moving in from London. At the start of the 20th century the town was growing fast. New roads were laid out in Callowland, North Watford, and in West Watford on farmland. Many continued to live in

2176-501: The district and paved the way for industrial development. The Watford Gas and Coke Company was formed in 1834 and gas works built. The canal allowed paper-making mills to be sited at Croxley. The John Dickinson and Co. mill beside the canal manufactured the Croxley brand of fine quality paper. There had been brewing in Watford from the 17th century and, by the 19th century, two industrial scale brewers Benskins and Sedgwicks were located in

2240-586: The fast growth of the company. It allowed for increasing the amount loaned without having to acquire matching assets to offset the loans. In Canada and Europe, the MBNA name was retained. MBNA Europe headquarters is in Chester , England, United Kingdom. MBNA Canada's headquarters is located in Ottawa , Ontario. In 2007, the Canadian division was named one of Canada's Top 100 Employers . On August 15, 2011, MBNA announced that

2304-486: The following centuries. Cassiobury became the family seat of the Earls of Essex , and The Grove the seat of the Earls of Clarendon . In 1762, Sparrows Herne Turnpike Road was established across the Chilterns. The toll road approximately followed the route of the original A41 road . The location of a toll house can be seen at the bottom of Chalk Hill on the Watford side of Bushey Arches; set in an old flint stone wall

2368-561: The freehold the site, and feels that as the shopping centre is very popular (it was one of top 20 places to shop in the UK in 2019), it will remain open and viable. The town contains the head offices of a number of national companies such as J D Wetherspoon , Camelot Group , Bathstore , and Caversham Finance (BrightHouse). Watford is also the UK base of various multi-nationals including Hilton Worldwide , TotalEnergies , TK Maxx , Costco , JJ Kavanagh and Sons , Vinci , Beko and TeleAdapt . Both

2432-406: The junction of Rickmansworth Road and Hempstead Road, and the building officially opened on 5 January 1940. Upton House was subsequently demolished in 1961 and Gade House built on the site. Under the Local Government Act 1972 Watford kept the same boundaries, but changed from being a municipal borough to a non-metropolitan district with borough status . Watford is a major regional centre in

2496-417: The late 20th century. Hertfordshire County Council designates Watford to be a major sub-regional centre. Several head offices are based in Watford. International conferences and sporting events have also taken place in Watford, including the 2006 World Golf Championship , the 2013 Bilderberg Conference and the 2019 NATO summit which all took place at The Grove . Watford became an urban district under

2560-603: The manufacture of the aircraft engines and later became Leavesden Aerodrome, to the north of Watford. No longer operational, it was converted into Leavesden Film Studios , now famously the home of the Harry Potter films . Watford developed on the River Colne in southern Hertfordshire, England, 16 miles (26 km) northwest of central London . Ethnicity is 61.9% white British, 2.3% Irish, 0.1% Gypsy or Irish traveller, 7.7% other white, 17.9% Asian/Asian British, 5.8% black or black British. The borough had 102,246 inhabitants at

2624-525: The marshy edges of the River Colne. The name Watford may have arisen from the Old English for "waet" (full of water – the area was marshy), or "wath" (hunting), and ford . St Albans Abbey claimed rights to the manor of Casio (then called "Albanestou"), which included Watford, dating from a grant by King Offa in AD 793. The name Watford is first mentioned in an Anglo-Saxon charter of 1007, where "Watforda"

MBNA - Misplaced Pages Continue

2688-637: The new BTC Building in 1924. Upon completion in 1929, it became the tallest building in Baltimore (and Maryland), surpassing the neighboring Citizens National Bank to the south. It opened just before the avalanche of economic disaster and unemployment following the Wall Street Crash of 1929 . After a series of reorganizations during the " New Deal " administration of 32nd President Franklin D. Roosevelt (and his bank holiday shortly after taking office in March 1933),

2752-539: The northern home counties . Hertfordshire County Council designates Watford and Stevenage to be its major sub-regional centres, heading its list of preferred sites for retail development. The High Street is the main focus of activity at night having a high concentration of the town's bars, clubs and restaurants. The primary shopping area is the Harlequin Shopping Centre , a large purpose-built indoor mall with over 140 shops, restaurants and cafes built during

2816-460: The park won a Green Flag Award , which recognises the best green spaces in the country. There is a children's play area, which includes a paddling pool, play equipment, a bouncy castle, an ice cream van, a kiosk where one may buy food, and 10.25" gauge miniature railway. The Grand Union Canal passes through the park. Cassiobury Park is host to the weekly 5k community event parkrun . Awarded Green Flag status since 2009, Cheslyn has been open to

2880-403: The public since 1965 as a formal gardens and house. The 3.5 acre gardens comprise a formal open area to the front and a semi-natural woodland area to the rear. Henry and Daisy Colbeck originally owned the house and gardens. Mr Colbeck was a renowned local architect, and designed Cheslyn House; he and his wife created the original gardens. The Colbecks travelled extensively, and this is reflected in

2944-427: The railway company was forced to build an expensive tunnel under Leavesden to the north of the town. Watford's original railway station opened in 1837 on the west side of St Albans Road, a small, single-storey red-brick building. It closed in 1858 when it was replaced by a new, larger station at Watford Junction approximately 200 metres (220 yd) further south-east. The old station house still stands today; it

3008-491: The range of unusual and exotic plants in the gardens. Since the space has been open to the public it has been further developed, with new features added such as the pond, rock garden, large herbaceous borders and aviary. Awarded Green Flag status since 2011, Woodside Playing Fields cover approximately 59 acres of playing fields, sports facilities and woodland. The site comprises a range of sports facilities including an eight lane synthetic track and stadium, an indoor bowls green,

3072-547: The relevant authorities. The company in December 2009 admitted overcharging 500,000 Irish consumers up to €18 million. In the UK, circa September 2010, MBNA came under fire for its interpretation of new UK legislation, under which credit card providers must allocate payments to the debt with the highest interest rate first: one consumer site called MBNA's interpretation of these rules a "disingenuous money-making tactic". Art deco Too Many Requests If you report this error to

3136-511: The same reasons the road had followed centuries before, seeking an easy gradient over the Chiltern Hills. The land-owning interests permitted the canal to follow closely by the river Gade, but the prospect of smoke-emitting steam trains drove them to ensure the railway gave a wide berth to the Cassiobury and Grove estates. Consequently, although the road and canal follow the easier valley route,

3200-561: The same, MNC Financial moved its credit-card business across the state line. MBNA was founded in 1982 as Maryland Bank, N.A. Led by Charles Cawley , MBNA opened its first office in a converted A&P (Great Atlantic & Pacific Tea Company) food supermarket in Ogletown, Delaware . An early driver of MBNA's growth was the creation of "affinity cards" in 1983. Cawley convinced the alumni association at his alma mater , Georgetown University , to allow MBNA to issue credit cards branded with

3264-707: The second half of 2006, all credit card products were re-branded as Bank of America rather than MBNA. At the same time in June 2005, MBNA bought Loans.co.uk (LCUK), then the United Kingdom's leading finance broker. Although figures were never released, various media outlets including newspapers in Watford , where Loans.co.uk was based, reported the deal made founders David Cowham and Steve Hayes worth £100m. MBNA/Bank of America later decided to close Loans.co.uk. On January 1, 2006, MBNA merged with and into Bank of America. MBNA America Bank, National Association, (MBNA) then became

SECTION 50

#1732858803262

3328-657: The time of the 2021 census. The borough is separated from Greater London to the south by the urbanised parish of Watford Rural in the Three Rivers District . The Watford subdivision of the Greater London Urban Area , which includes much of the neighbouring districts, had a total population of 120,960 in the 2001 census. Religion in Watford(2021 census) As of the 2021 census, Watford's religious profile roughly reflected that of England and Wales, with

3392-442: The town. The parish church of St Mary's was extensively restored in 1871. The town expanded slightly during this time. In 1851 a new street off the High Street was opened, King Street, followed by Queens Road and Clarendon Road in the early 1860s. During this time, Watford had a population of around 6,500 The railways also continued to expand from Watford during this period; the Watford and Rickmansworth Railway opened in 1862 as

3456-423: The university's name. This proved to be a successful business, and other affinity affiliations with universities, organizations, and sports teams followed; by 2004, MBNA had more than 5,400 partnerships, making up about 85% of the affinity-card market. In 1989, Maryland Bank was renamed MBNA America Bank. In 1991, MBNA Corp. spun off from Maryland National and became an independent company. Businessman Al Lerner ,

3520-514: The vale of St Albans to the east and into the Chiltern Hills along the valley of the River Chess to the west. The town grew modestly, assisted by travellers passing through to Berkhamsted Castle and the royal palace at Kings Langley . A big house was built at Cassiobury in the 16th century. This was partly rebuilt in the 17th century and another substantial house was built nearby at The Grove . The houses were expanded and developed throughout

3584-568: The waterworks on Local Board Road. In 1891 the board purchased Upton House at 14 High Street for £2,650, converting it to become their offices and meeting place, holding its first meeting in the building on 1 October 1891. Under the Local Government Act 1894 , the Watford Local Board was reconstituted as Watford Urban District Council with effect from 31 December 1894. The act also stipulated that parishes could not be partly in an urban district and partly outside it. The old parish of Watford

3648-404: The world at the time of the merger with Bank of America, MBNA owned or managed more than $ 122.5 billion in outstanding consumer credit loans. Most of this loan debt was held in securitized portfolios that had been sold to other entities such as insurance companies and pension funds. MBNA virtually invented the process for securitizing credit card debt and this process contributed significantly to

3712-611: Was common in Watford and advances in technology meant much of the industry became obsolete. Odhams Press closed down in 1978 and The Sun moved out of Watford during the 1980s after market reforms allowed it to do so. In 1925, the Metropolitan Railway Company built a branch to Watford, opening a station close to Cassiobury Park . In the 1950s and 1960s, Watford was the home of the British designer furniture manufacturer Hille . At their premises on St Albans Road, designed by

3776-517: Was completed on June 1, 2017 and since that time, in the United Kingdom, MBNA is a trading style of Lloyds Bank plc and is regulated in the United Kingdom by the FCA . MBNA hired Hunter Biden (then 26 years old and a recent law school graduate) during the years when his father, then-Senator Joe Biden , was pushing for bankruptcy reform legislation supported by the company, which became law and makes it more difficult to acquire bankruptcy protection. Because of

3840-474: Was described by Pevsner as "the chief glory of Watford Church". The Roman Catholic Church, Holy Rood, is a much later structure. Built in 1890 by John Francis Bentley , the architect responsible for Westminster Cathedral in London, it is noted as a particularity fine example of Gothic Revival architecture . The ornate interior contains stained glass by the designer Nathaniel Westlake . Bushey Arches Viaduct

3904-444: Was developed. By the 1920s, printing had become the biggest industry in Watford. The biggest printers in the town were Sun Printers Ltd and Odhams Press . Watford was the biggest printing centre in the world and many advances in printing were made in Watford. During World War II the prints were taken over by the government who used them to print propaganda. After the war, the printing industry began going into decline. Union activity

SECTION 60

#1732858803262

3968-640: Was spun off years earlier to become MBNA). Five years later, the Bank of America that exists today was the result of the merger between the San Francisco-based Bank of America and the Charlotte-based NationsBank. When Bank of America bought MBNA, it was in effect reuniting MNC Financial's credit card portfolio to its original banking assets and combining the Bank of America credit card portfolio with MBNA's. Employing more than 25,800 people around

4032-482: Was the first female directly elected mayor in England and the Liberal Democrats ' first directly elected mayor. Since 1999 Watford has been divided into 12 wards . Each ward has three councillors who are elected for a four-year term. Watford elects one Member of Parliament (MP) by the first past the post system of election, for the Watford constituency . Prior to the establishment of this constituency in 1885

4096-657: Was therefore split, with the part of the parish outside the urban district becoming the parish of Watford Rural with effect from the first parish meeting on 4 December 1894. At the same time, the parish of Bushey was split, with the part within the Watford Urban District becoming a parish called Bushey Urban, which was later renamed Oxhey in 1906. Watford Urban and Bushey Urban / Oxhey were both classed as urban parishes and so did not have parish councils of their own, but were directly administered by Watford Urban District Council. The two urban parishes merged in 1935 to form

#261738