|Riverwoods, Illinois, August 1, 2000…Greenwood
Trust Company, the Delaware state-chartered, FDIC-insured
bank that issues the Discover® Card, announced
today that it is changing its name to Discover
Bank. The name change went into effect on
August 1, 2000.|
"This change is a progressive
step to better align the name of the bank with
its primary activity, issuance of the Discover
Card," said Nathan Hill, president and chief operating
officer, Greenwood Trust Company. "We consider
ourselves to be an integral part of the Delaware
community and honored to continue to provide the
community with the best in banking services."
1986, Greenwood Trust Company has provided banking
and financial services to the community of Delaware.
The name change will have no impact on the bank's
Discover Cardmembers or depositors. Although new
materials will have the Discover Bank name,
depositors can continue to use checks and deposit
slips that have the Greenwood Trust Company name
after August 1.
Discover Financial Services,
a business unit of Morgan Stanley Dean Witter
& Co., operates the Discover Card brands with
more than 50 million Cardmembers and the Discover
Business Services network. Discover Business
Services is the largest independent credit card
network in the United States with more than 3.6
million merchant and cash access locations.
Discover Financial Services, Inc.