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A Thing Old Kent Bank Bites The Dust

Another One Bites the Dust

In our first issue of the year we provided you with details about ISOs looking for agents and the banks they represented. Well, you can scratch another bank off the list.

Old Kent Bank of Michigan announced April 30 that it is selling its bankcard portfolio to First National Bank of Nebraska. The deal follows termination of Old Kent's "Card Miles" program and a reported 12% decrease in their portfolio in the first four months of the year.

 

 

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