BofA to open 35 banking centers in 1996; Eight scheduled for May.LONG BEACH, Calif.--(BUSINESS WIRE)--May 1, 1996--Bank of America plans to open 35 new full-service banking centers inside Lucky stores Lucky Stores is an American grocery chain founded in Alameda County, California in 1935. Lucky is currently operated by Supervalu in Southern California and Nevada and by Save Mart in Northern California. this year, the second phase of its three year plan to establish banking facilities inside more than 400 Lucky stores in California. The first of the group, located in Irvine, San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. (three), Sacramento, Pleasanton, Lodi Lodi, city, Italy Lodi (lô`dē), city (1991 pop. 42,250), Lombardy, N Italy, on the Adda River, near Milan. It is an important dairy and light industrial center. and Milpitas, will open in May. The year's banking center roll out represents the second step of the bank's 1994 agreement with Lucky to establish banking facilities inside almost all of the company's grocery stores statewide. Still more banking centers will be established in 1997. Last year, the bank opened 350 banking centers in Lucky stores from the Sacramento area to the Mexican border. "We're on target with our three-year plan The Three-Year Plan of Reconstructing the Economy (Polish: Trzyletni Plan Odbudowy Gospodarki) was a centralized plan created by the Polish communist government to rebuild Poland after the devastation of the Second World War. to bring banking services to Lucky shoppers throughout the state," said Bank of America's Kim Burdick, senior vice president in charge of grocery store banking. Burdick said the alliance with Lucky was meant to further the bank's goal of providing services to Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. customers when, where and how they choose. "Since more than 60 percent of our customers rarely or never visit a branch, our Lucky banking plan is an effort to reach out to them where they shop. Customers have told us it is more convenient to combine banking with other errands," Burdick said. Customers can conduct almost any transaction at a Lucky outlet as they can at a traditional branch. Burdick lauded the alliance with Lucky, and said he's looking forward to continuing the successful relationship this year. "We teamed with Lucky because that is where Californians grocery shop, and Bank of America is where Californians bank. Aligning a·lign v. a·ligned, a·lign·ing, a·ligns v.tr. 1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb. our two companies has been a terrific fit," Burdick said. Burdick also said consumers should look for more advertising and co-promotions to come from both companies within the coming months. CONTACT: Bank of America, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Lisa Margolin-Feher, 619/549-7405 |
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