At the end of last month, CompuCredit Corporation (NASDAQ: CCRT), a specialty finance company and marketer of branded credit cards and related financial services, announced their plan to merge with CardWorks Inc. CardWorks, a privately-held credit card issuer and third-party servicer of consumer credit cards, consists of two subsidiaries, Merrick Bank and Cardholder Management Services.

This merger will add 785,000 cardholders and $700 million in assets to the CompuCredit Corporation.

Donald Berman, Chairman and CEO of CardWorks, said that he considers CardWorks and CompuCredit "to be world-class providers of credit card and MasterCard®/Visa® card-related products."

More information about the merger can be found here.