Colonial Bank to install ATMs in 67 Wal-Mart Stores and Sam's Clubs.MONTGOMERY, Ala.--(BUSINESS WIRE)--Sept. 5, 1995--Colonial Bank announced today an agreement with Wal-Mart Stores Inc., the national retailer, to place ATMs (Automatic Teller Machines See ATM. ) in 67 of Wal-Mart's Alabama stores, including Wal-Marts, Sam's Clubs and Wal-Mart Supercenters. The free-standing ATMs will be installed, operated and maintained by Colonial Bank Colonial Bank, a subsidiary of Colonial Bancgroup Inc. NYSE: CNB, is headquartered in Montgomery, Alabama. Colonial Bank has 300 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Its common stock is traded on the NYSE under the symbol CNB. and available to the public during each retail location's regular operating hours. The statewide ATM sites will offer the convenience of making a variety of on-site financial transactions including cash withdrawals, account transfers and account inquiries. The ATMs will accept Colonial's own ATM cards as well as ATM cards that are part of most local and national ATM networks, including Alert, Cirrus, Pulse, Honor, Plus and GulfNet, and VISA, MasterCard and Discover. This move increases Colonial Bank's ATM network to 133 locations in Alabama and southern Tennessee. "Consumers 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. more convenience," said Robert E. Lowder, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Colonial Bank. "With this recent agreement, Colonial banking is now as close and convenient as the neighborhood Wal-Mart store or Sam's Club." "People today have less time for themselves than ever before. Providing the convenience of Colonial's on-site ATMs will save customers time and effort," said Lowder. Colonial Bank is headquartered in Montgomery, Ala. It operates 96 offices throughout Alabama and southern Tennessee. It is currently traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) and listed in most newspapers as ColBgp. CONTACT: Colonial BancGroup Inc., Montgomery Michael R. Holley, 334/240-5580 |
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