Community bank joins 19 others in forming AGREE(SM) Alliance
SCHAUMBURG, Ill., April 21 /PRNewswire/ -- American Chartered Bank (ACB),
one of Chicagoland's premier commercial banks serving small and medium-size
privately held businesses, today announced its customers now have
surcharge-free access to some 68 participating ATMs throughout the suburbs.
ACB is one of the original and largest of the 20 charter financial
institutions comprising the new AGREE Alliance which provides one another's
cardholders with surcharge-free ATM access.
"We have always been opposed to surcharges of any kind. At the same time,
our customers were always surcharged for using non-ACB machines which didn't
strike us as equitable," said Michael Smith, American Chartered Bank's senior
vice president of retail and private banking. "We joined the AGREE Alliance
in response to the changing needs of our customers. Overnight we have
expanded significantly the geographic scope of our ability to offer our
customers greater access to non-surcharging machines."
ATMs that participate in AGREE will carry signage indicating their
surcharge-free access to cardholders of American Chartered Bank.
About Cash Station(R)
Cash Station, Inc., a member-owned ATM/POS network, also provides
processing services to over 200 financial institutions. These services
include ATM terminal driving, cardholder authorization, gateway access,
Internet banking and off-line debt card processing. The Cash Station(R)
network has over 600 member financial institutions in Illinois, Indiana,
Kansas, Kentucky, Michigan, Missouri and Wisconsin. These institutions issue
six million ATM cards to consumers and deploy over 6,500 ATMs.
About American Chartered Bank
Founded in 1987, American Chartered Bank is an independently-owned,
full-service commercial bank servicing privately owned small and medium-sized
businesses and individual customers in the Greater Chicago area. Focused on
providing outstanding service and the best value to the people and businesses
in the communities which it serves, American Chartered Bank has become one of
the most successful banks in the industry, posting asset growth of more than
30% in 1997. American Chartered Bank is headquartered in Schaumburg with
branch locations in Palatine, Lake Zurich, Mount Prospect and Bartlett.
SOURCE American Chartered Bank
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CONTACT:
Michael Smith, Senior Vice President,
847-400-2800, or Bob Riter, Chairman, 847-517-5400, both of
American Chartered Bank, or General Info., Dan Reid,
312-640-6686, or Media Info., Scott Ablin 312-274-2274, both of
The Financial Relations Board
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