Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


March 26, 2015 3:45 PM ET

Banks

Company Overview of Discover Bank

Company Overview

Discover Bank provides banking services. It offers online savings accounts, money market and certificate of deposits accounts, individual retirement account CD accounts, credit cards, and college and graduate school loans. Discover Bank was formerly known as Greenwood Trust Company and changed its name to Discover Bank in August 2000. The bank was founded in 1911 and is based in Greenwood, Delaware. Discover Bank operates as a subsidiary of Discover Financial Services.

502 East Market Street

Greenwood, DE 19950

United States

Founded in 1911

Phone:

302-349-4512

Fax:

302-349-5339

Key Executives for Discover Bank

Chairman and Chief Executive Officer
Age: 53
President and Director
Age: 56
Chief Financial Officer, Vice President and Assistant Treasurer
Chief Operating Officer
Age: 49
Executive Vice President, Secretary and General Counsel
Age: 54
Compensation as of Fiscal Year 2014.

Discover Bank Key Developments

Discover Bank Issues $400 Million of Notes

Discover Bank on March 13 issued and sold $400 million of its 4.250% notes due March 13, 2026. The notes are direct, unconditional and unsecured general obligations of Discover Bank and rank pari passu among themselves and all other unsecured and unsubordinated indebtedness of Discover Bank, except deposit liabilities and other obligations that are entitled to any priorities or preferences. The notes will bear interest from March 13 until the principal of the notes has been paid in full or a sum sufficient to pay the principal of the notes has been made available for payment. Interest on the notes will be payable semiannually in arrears on March 13 and Sept. 13 of each year, starting Sept. 13. Payments will include interest accrued to, but excluding, the relevant interest payment date. Interest on the notes will be calculated on the basis of a 360-day year of 12 30-day months.

Similar Private Companies By Industry

Company Name Region
Bison State Bank United States
CoreStates Capital II United States
First Partners Bank United States
Farmers State Bank, S/B United States
The Citizens Bank (Geneva, AL) United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Discover Bank, please visit www.discover.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.