Cardtronics Subsidiary Signs PBI Bank
August 31, 2009 (FinancialWire) — Allpoint Network, a wholly-owned subsidiary of Cardtronics, Inc. (NASDAQ: CATM), announced the signing of PBI Bank, a $1.7 billion asset bank with 18 locations in Kentucky. With over 200 Allpoint ATMs across Kentucky, PBI Bank now offers unlimited surcharge-free access to three times as many ATMs as the largest Kentucky-headquartered bank.
“We are excited about our first Kentucky-based bank,” said Ben Psillas, president of Allpoint. “The third largest Kentucky-based bank has leveled the playing field with national institutions competing for customers in their market by adding 35,000 surcharge-free ATMs nationwide.”
Commenting on the Allpoint relationship, Maria L. Bouvette, president of PBI Bank, said, “We are pleased to join Allpoint to offer the largest network of surcharge-free ATMs in Kentucky. We believe this agreement provides PBI customers additional value by extending access to their accounts through more ATMs in Kentucky and the United States on a surcharge-free basis.”
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