First National Bank of Omaha (FNBO) has acquired 800,000 credit card accounts from Synchrony Financial. The cards are a combination of co-branded Visa and private label accounts tied to gasoline retailer BP and include that company’s Amoco subsidiary. The majority of the $480 million in outstandings purchased were connected to the Visa credit card. When FNBO added the purchased accounts to its processing platform, it converted private label BP cards to Visa cards. Approximately 500,000 of all accounts purchased currently carry a balance. One month after taking over the BP cards, outsta...