California Agencies introduce Allstate Bank to local consumers
NORTHBROOK, Ill., Oct. 1 /PRNewswire/ -- Allstate Financial Group
announced today that Allstate Bank is open for business. Consumers can now
obtain account and rate information and open accounts through Allstate
Agencies in California, as well as nationally via http://www.allstatebank.com, and
through the Bank's toll-free phone (877-794-BANK). The introduction of
Allstate Bank is an extension of Allstate Financial's strategy to become a
broad-based financial services provider through a wide range of consumer
banking products and services targeted at helping middle-income Americans
protect their finances and 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 will assist customers in saving for a secure retirement by
providing market-competitive rates, easy and convenient access to the products
and services and the comfort and security of dealing with one of the best-
known names in financial services."
Allstate Bank's FDIC-insured products and services include CDs, insured
money market and savings accounts, checking accounts, home mortgage services
and more. Consumers can gain information about the new banking products and
services through 2,000 Allstate Agencies in California, via the Internet at
allstatebank.com, through a Bank customer care representative at
(877) 794-BANK (2265), ATMs countrywide or the U.S. mail.
With Allstate Bank customers can have around-the-clock access to their
accounts at over 225,000 ATMs, which display the Cirrus, Maestro, NYCE, Star
and or Mac logos. Customers can use ATMs to withdraw cash, obtain account
balances and transfer funds between accounts. To make deposits the Bank has in
excess of 15,000 participating ATMs available to customers. Allstate Bank
will reimburse customers up to $5.00 per month for ATM fees charged by other
banks and will not charge ATM fees.
"We are eager to introduce availability of Allstate Bank through more than
2,000 Allstate Agencies located in California," said Hank Barge, California
Regional Field Vice President for The Allstate Corporation. "California
residents are the first with access to information about Allstate Bank through
participating Allstate Agencies. By year-end 2002, we expect that
participating Agencies throughout the country will offer banking solutions for
their customers' savings and retirement planning needs."
Allstate Bank was chartered in 1998 to provide electronic commerce
services to Allstate policyholders. In July 2001 Allstate Bank received
approval from the Office of Thrift Supervision to provide expanded retail
products and services.
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 agencies, independent agencies, banks and
securities firms.
SOURCE Allstate Financial Group
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Related links:
http://www.allstate.com
Company News On-Call:
http://www.prnewswire.com/comp/109885.html
CONTACT:
Laura Margolis, +1-847-402-5600, or Emily
Daly, +1-916-859-8611, both of Allstate Financial Group
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