BANNOCKBURN, Ill., March 4 /PRNewswire-FirstCall/ -- Consumers in Illinois
will now be able to get information about opening Allstate Bank accounts from
participating Allstate agencies. The Bank's products and services are
targeted at helping middle-income Americans save for retirement.
"The banking products and services we are introducing expand Allstate
Financial's portfolio of retirement investment products, which already
includes annuities and mutual funds," said Kevin Slawin, CEO, Allstate Bank.
"Allstate Bank wants to help customers save for a secure retirement by
providing market-leading rates, easy and convenient access to banking products
and services and the comfort and security of dealing with one of the best-
known names in financial services."
Allstate Bank's products and services include insured money market and
savings accounts, and checking accounts. Consumers will be able to access the
new banking products and services through Allstate agencies in Illinois, via
the Internet at allstatebank.com , through a Bank customer care representative
at (877) 794-BANK (2265), ATMs countrywide, or the U.S. mail.
"Allstate Bank is part of our continued commitment to provide consumers
the very best service and to make it easy to do business with Allstate
Financial," said Doug Wendt, Field Vice President for the Midwest Region of
Allstate. "People know Allstate as a group of companies that provide safety
and security to more than 14 million households, insuring one out of every
eight autos and homes. Offering banking products in addition to the
protection, retirement and investment products we already provide is a natural
extension of our business."
Allstate Bank was chartered in 1998 to provide electronic commerce
services to Allstate policyholders. In July 2001 Allstate received approval
from the Office of Thrift Supervision to provide expanded retail products and
services. Access to Allstate Bank products and services online and through
call centers became effective October 1, 2001. We expect that by year-end
2002 consumers will be able to open accounts through participating Allstate
agencies countrywide.
Allstate Financial Group is a business unit of The Allstate Corporation
(NYSE: ALL), representing the affiliates that provide life insurance,
retirement, investment and health and disability insurance products. Widely
known through the "You're in Good Hands With Allstate(R)" slogan, Allstate
Financial helps its customers achieve a secure financial future with a broad
array of retirement solutions. Allstate Financial is also a premier provider
of variable annuities and long-term care insurance. In addition, through
workplace marketing, Allstate Financial offers life, health and disability
insurance through employee payroll deductions. Customers can access Allstate
Financial products and services through approximately 60,000 financial
professionals, including Allstate agents, independent agents, banks and
securities firms.
SOURCE Allstate Financial
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Related links:
http://www.allstatebank.com
http://www.allstate.com
CONTACT:
Mike Siemienas of Allstate, +1-847-615-5935
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