topic Re: Goodbye American Express Centurion Bank in General Credit Topics

Goodbye American Express Centurion Bank

RicHowe — Sat, 10 Feb 2018 22:56:47 GMT

American Express Centurion Bank ("AECB") will undergo a legal entity change and be known as American Express National Bank ("AENB") as of April 1, 2018.

I wonder if AMEX is thinking of offering new traditional banking products and services? They've been down that road before and it wasn't good.

Re: Goodbye American Express Centurion Bank

Anonymous — Sun, 11 Feb 2018 17:54:00 GMT

I always liked “centurion”. Now they’ll just be a run if the mill National Bank?? So pedestrian.. :-)

Re: Goodbye American Express Centurion Bank

Anonymous — Sun, 11 Feb 2018 18:22:54 GMT

Would be interesting to see them directly compete against the other big banks

Re: Goodbye American Express Centurion Bank

Anonymous — Tue, 13 Feb 2018 00:28:49 GMT

Ugh now they are just going to be like all the others out there. Amex used to set itself apart but I guess that is out now.

Re: Goodbye American Express Centurion Bank

Anonymous — Tue, 13 Feb 2018 02:12:35 GMT

RicHowe now American Express can truly appeal to the masses! In my mind the "don't leave home without it" exclusiveness will have gone the way of the "Dinosaur"

Re: Goodbye American Express Centurion Bank

Jetboy — Tue, 13 Feb 2018 21:34:17 GMT

Interesting post. American Express does have a new CEO. Bring the changes on I say. Now if they could make their BCE/BCP cards offer cash back redemptions via ACH to bank account I might keep my card. Below link is to the OCC Conditional Approval that American Express received.

The Office of the Comptroller of the Currency (“OCC”) hereby conditionally approves the application by American Express Centurion Bank, Salt Lake City, Utah (AECB or Applicant) to convert from a Utah-chartered industrial bank to a national bank with the title “American Express National Bank” (AENB) (Conversion).

Office of the Comptroller of the Currency

Re: Goodbye American Express Centurion Bank

simplynoir — Tue, 13 Feb 2018 02:15:25 GMT

wrote:
Ugh now they are just going to be like all the others out there. Amex used to set itself apart but I guess that is out now.

To be fair AMEX hasn't been that for awhile now.

Re: Goodbye American Express Centurion Bank

RicHowe — Tue, 13 Feb 2018 03:29:12 GMT

Thanks for the link to the OCC Conditional Approval. Turns out American Express Bank, FSB will also be merged with the new national bank subsequent to the conversion. AENB will offer both co-branded and bank-issued credit and charge cards.

Re: Goodbye American Express Centurion Bank

AverageJoesCredit — Wed, 14 Feb 2018 02:29:33 GMT

Got an offer for a savings account from Amex yesterday. Didnt know they did that. I assume this is on their banking side?

Re: Goodbye American Express Centurion Bank

Anonymous — Wed, 21 Feb 2018 19:52:16 GMT

owie me no likey this change. :-(