IRVING, Texas, July 22 /PRNewswire-FirstCall/ -- Consumers in Texas 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 FDIC-insured CDs, insured
money market and savings accounts, and checking accounts, as well as home
mortgage services and more. Consumers will be able to access the new banking
products and services through Allstate agencies in Texas, 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 Texas Field Vice President Gary Briggs. "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.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held
personal lines insurer. Widely known through the "You're In Good Hands With
Allstate(R)" slogan, Allstate provides insurance products to more than 14
million households and has approximately 13,000 exclusive agents in the U.S.
and Canada. Customers can access Allstate products and services through
Allstate agents, or in select states at allstate.com and 1-800-Allstate.
Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products
are sold exclusively through independent agents. Allstate Financial Group
includes the businesses that provide life insurance, retirement and investment
products, through Allstate agents, workplace marketing, independent agents,
banks and securities firms.
SOURCE The Allstate Corporation
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Related links:
http://www.allstate.com
CONTACT:
Sandy Knott of Allstate, +1-972-871-1758
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