Alliance Data to buy Bon-Ton’s credit card portfolio

Dallas -- Alliance Data Systems has agreed to acquire The Bon-Ton Stores’ private-label credit card portfolio worth $475 million.



Financial terms of the deal were not disclosed.



Alliance Data, which provides private-label credit card services to retailers, will also manage the retailer's private-label credit card program.



Bon-Ton Stores, Inc., operates 272 stores in 23 states across the Northeast, Midwest, and upper Great Plains, under a variety of banners.