Juniper Bank

Juniper Bank is a financial company focused on issuing credit cards for American consumer markets. The firm was established in 2000 and was operated by the Juniper Financial Corporation. The company is regarded as among the fastest-growing issuers of credit cards.

Juniper Bank is based in Wilmington, Delaware. Aside from issuing credit cards, the company was also involved in providing various financial services online.

Juniper Bank and Juniper Financial Corporation were founded by Richard Vague and Jim Stewart. Vague was the former CEO and chairman of First USA. First USA was the largest issuer of credit cards in USA. The company, First USA, was a part of Bank One. The latter is currently integrated with JPMorgan Chase & Co.

On the other hand, Jim Stewart was formerly a president and chief executive of WingspanBank. He, together with Richard Vague, established Juniper Financial Corporation in 2000. The founders also collaborated with Benchmark Capital as its funding partner. Other companies also made investments and joined in to form Juniper Financial Corporation. The financial company, however, began as a privately-held entity.

Juniper Bank used to be a division of Columbus Bank and Trust Company based in Columbus, Georgia. Canadian Imperial Bank of Commerce announced its desire to invest in Juniper Financial through its subsidiary in America. Simply known as CIBC, the Canadian financial company acquired 51% of the stakes of Juniper Financial Corporation making it a majority stockholder. CIBC also had the majority of the seats of Juniper’s board of directors.

CIBC is among the largest Canadian and North American financial institutions. It has several branches in Canada and offers a broad spectrum of financial services. It has operations in America, Asia, the United Kingdom and the Caribbean.

Juniper Bank has become the fastest-emerging credit card issuer in America. Since CIBC owned majority of the stakes in Juniper Financial, considerable growth and tie-up with other businesses and institutions have been experienced by the company.

Juniper Bank credit card has been among the recognized names of cards in America. Juniper Financial Corporation has partnered with travel agents, entertainment center, airline operators, and other companies in America. Notably, the financial company has allied with Orbitz, Midwest Express Airlines, Frontier Airlines, Best Western, Tesoro and Caesar Entertainment. The mentioned establishments are just among the names that Juniper has collaborated with. The alliances have resulted to the creations of Juniper Bank credit cards with co-brand names.

Moreover, Juniper Bank has made strategic alliances with the foremost names in cards such as MasterCard International. It has also teamed up with Visa to generate Juniper Bank Visa card.

The company has grown with multi-billion dollars in assets. However, the fate of Juniper Bank and Juniper Financial Corporation was turned over to another company. Barclays made its intention to acquire Juniper in August of 2004. It confirmed its proposal in December of the same year.

Barclays is among the largest brand names in banking industry in the world. The company is based in London with worldwide operations. The acquisition of Juniper has been among its strategies to increase its financial services particularly in its BarclayCard.

Currently, Juniper Bank has been re-branded to Barclays Bank Delaware. It still has its headquarters in Wilmington, Delaware. The Juniper Bank credit card can also be availed in different forms. These financial products that are now being owned by Barclays can be found on the internet.

Juniper Bank still has its website on the net. Various Juniper Bank credit cards and credit card brands can still be applied on its website and other sites. However, the bank is now known as Barclays Bank Delaware.

More information about Juniper Bank and its recent status and products can be found on its website. Its website can also be the best resource for those who are interested in knowing its history.

Juniper Bank began as a joint venture company operating as credit card issuer in 2000 in America. It is now a part of a large global institution that aggressively promotes and issues cards particularly credit cards.