Bank Rhode Island Joins SUM ATM Program.Business/Banking Editors PROVIDENCE, R.I.--(BUSINESS WIRE)--March 2, 2001 Bank Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. announced today that it has joined the SUM Program, giving its customers surcharge-free access to over 2,500 ATMs throughout New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . Bank Rhode Island customers can now use any SUM ATM in New England without a surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. fee, including the 85 SUM ATMs in Rhode Island and over 1,800 throughout Massachusetts. The Program allows Bank Rhode Island to continue to expand ATM access for its customers. Last year, the Bank signed an agreement with Atlas ATM, bringing an additional 51 machines into the Bank Rhode Island network. With the addition of the SUM Program, the Bank's customers can now access more than 140 ATMs in the state without incurring a surcharge fee. "We are always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to make banking more convenient for our customers," said James V James V, king of Scotland James V, 1512–42, king of Scotland (1513–42), son and successor of James IV. His mother, Margaret Tudor, held the regency until her marriage in 1514 to Archibald Douglas, 6th earl of Angus, when she lost it to John . DeRentis, Senior Vice President of Retail Banking. "This program allows us to provide our customers, many of whom work or travel all over New England, with surcharge-free access to ATMs. And our Custom Banking customers can access these ATMs free of all charges." Custom Banking is Bank Rhode Island's relationship checking account. Custom Banking customers can combine all eligible account balances - deposit, mortgage and other loan balances - to meet minimum balance requirements to avoid monthly fees. The SUM Program is administered by the NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). Corporation and is designed to help minimize ATM fees for consumers. SUM Program members agree to provide surcharge-free transactions at designated ATMs for the customers of all participating institutions. There are presently 411 financial institutions participating in the SUM Program. Participating ATMs can be identified by the green and gold SUM symbol displayed on the machine. A complete listing of SUM ATM locations can be found by visiting www.sum-atm.com. Bank Rhode Island, a wholly-owned subsidiary of Bancorp Rhode Island, Inc., is a full-service, FDIC-insured financial institution headquartered in Providence. As of December 31, 2000, Bancorp Rhode Island's total assets stood at $739.4 million and total deposits were $631.6 million. Bancorp Rhode Island's common stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the symbol "BARI" and its corporate web site is located at www.bankri.com. |
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