Bank of Boston expand ATM network into Cumberland Farms, Walgreens and Ann & Hope outlets in New England.BOSTON--(BUSINESS WIRE)--Sept. 7, 1995--Bank of Boston Corp. announced today that it has reached agreements with Cumberland Farms, Walgreens and Ann & Hope to install automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs) in 35 retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in 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. . When added to the ATMs the bank has already installed -- or plans to install -- in other retail stores this year, including 30 in in-store supermarket branches opening throughout New England, nine in McDonalds restaurants and 12 in Wal-Marts -- Bank of Boston will have increased its New England ATM reach by 86 by year end. "We realize that banking convenience is the number one priority for our customers," said Bank of Boston Vice Chairman Ed O'Neal. "That's why our goal is to deliver convenience, and one way to do that is to bring ATMs to locations where our customers shop. We're delighted to be working with each of these popular retailers and to be in a position to provide banking convenience to their customers as well as our own." Walgreens, Cumberland Farms and Ann & Hope customers will be able to withdraw cash from conveniently located ATMs upon entering any of 35 outlets throughout New England. Those who are Bank of Boston customers will also be able to check balances and transfer funds between accounts. Bank of Boston, which in the past was not generally regarded as a strong personal banking competitor, has significantly strengthened its personal banking services over the past three years to better serve the needs of its retail customers. Recent developments -- including the development of alternative retail delivery channels -- are beginning to pay off. "Just three years ago, some 10 percent of the bank's revenues were generated through personal banking; today, that share is up to 25 percent," said O'Neal. "Now that our personal banking franchise is a fast-growing contributor to the bank's overall revenue stream, our customers will be able to look forward to more and more outlets for banking convenience. Whether our customers bank at home on personal computers or telephones, or at their local supermarkets, or where they buy a quart of milk in the wee hours of the morning, we intend to be there to meet their banking needs." Walgreens Beginning first with the installation this week of a Bank of Boston ATM at Walgreens in Salem, the bank will install ATMs in Walgreens throughout southern New England - seven in Massachusetts, six in Connecticut and three in 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. . Cumberland Farms The bank will install its first Cumberland Farms ATM this week at 20 Mechanic St., Foxboro. This will be followed by five more installations in Massachusetts, three in Connecticut and five in Rhode Island. Ann & Hope Three Ann & Hope stores have already been equipped with ATMs (Warwick, R.I. and North Dartmouth and Seekonk, Mass.). Three more (two in Massachusetts and one in Rhode Island) will be equipped with Bank of Boston ATMs by the end of the year. Wal-Mart Bank of Boston already has seven Wal-Mart ATM locations. Five additional ATMs will be installed over the next two months - four of them in Connecticut (three at Sam's Clubs, a division of Wal-Mart) and one at a Connecticut Wal-Mart location. The fifth will be installed at Wal-Mart in Coventry, R.I. McDonalds The bank has plans to install nine ATMs in McDonald's Massachusetts restaurants by year end. Bank of Boston Corp. (NYSE NYSE See: New York Stock Exchange : BKB BKB Basler Kantonalbank (Switzerland) BKB Black King Bar (gaming weapon) BKB BV Kwaliteitsverklaringen Bouw (Dutch) BKB BankBoston Corporation ), with assets of $45.3 billion as of June 30, 1995, is New England's only global bank. The corporation and its subsidiaries provide a broad range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to individual, corporate, institutional and governmental customers, as well as to other banks. THe corporation is a member of Yankee 24, NYCE See New York Cotton Exchange. NYCE See New York Cotton Exchange (NYCE). and PLUS SYSTEM networks. The corporation's common and preferred stocks Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. are listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Boston stock exchanges The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. . CONTACT: Bank of Boston, Boston Karen Schwartzman, 617/434-7594 |
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