NEW YORK, Nov. 5 /PRNewswire/ -- Consumers in New York 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 significantly 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 New York, 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 Michael Wargo, regional financial services manager, Allstate
Insurance Company. "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 Group
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http://www.allstate.com
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CONTACT:
Laura Margolis, Media Relations of Allstate,
+1-847-402-5600
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