Elavon/Bank of America, N.A.
Transaction details
The Competition Authority has cleared the proposed transaction whereby U.S. Bank National Association, and its subsidiaries Elavon Financial Services Limited, and U.S. Bank Trust National Association would acquire certain businesses from Bank of America, N.A. and its subsidiaries Bank of America (GSS) Limited, and Bank of America National Trust Delaware.
Case details
- Notification date:8 December 2010
- Publication date:8 December 2010
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Outcome:Cleared
Documents
M.10.042 Merger AnnouncementPDF | 48 KBM.10.042 Merger Announcement PDF | 48 KB - Opens in new window
M.10.042 DeterminationPDF | 68 KBM.10.042 Determination PDF | 68 KB - Opens in new window
Timetable
Parties Involved
Elavon Financial Services Limited
Wholly-owned by USB, Elavon Ireland is active in end-to-end payment processing services to merchants and financial institutions in Europe. Elavon Ireland's payment products are supported by credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring.
Bank of America N.A.
Bank of America provides securitisation trust and administration services.
Contacts
