Article: Midlantic completes sale of credit card receivables; announces sale of 250 million of home equity loan securities.

MIDLANTIC COMPLETES SALE OF CREDIT CARD RECEIVABLES; ANNOUNCES SALE OF

250 MILLION OF HOME EQUITY LOAN SECURITIES

EDISON, N.J., July 2 /PRNewswire/ -- Midlantic Corporation (NASDAQ: MIDL) today announced completion of the sale on June 30 of Midlantic's credit card accounts and receivables to Manufacturers Hanover Trust Company. Execution of an agreement to sell Midlantic's credit card accounts and receivables to Manufacturers Hanover was previously announced on June 6.

In a separate action, Midlantic today also announced that on June 28 it sold $250 million of securities backed by home equity revolving credit line loans ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!