Wachovia Names New Credit Card President

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Wachovia

Names New Credit Card President

Wachovia Corp. today named Steven Boehm as the president of

their Wachovia Card Services division. This follows Wachovia's

recent announcement that the company will terminate its joint

marketing agreement with MBNA and re-enter the credit card business

as a direct issuer this January.

Boehm

is a natural choice for Wachovia, having been the chief operating

officer for the company's previous credit card business -- which

started as First Union's credit card portfolio before being

sold to MBNA following the merger of Wachovia and First Union.

Published 11/18/05 (Modified 05/07/12)