January 19, 2010
BETHESDA , MD (January 19, 2010)
– Allpoint Network, a Cardtronics, Inc. affiliate (NASDAQ: CATM), and the operator of the largest surcharge-free ATM network, announced the renewal of Maryland-based Sandy Spring Bank, a $3.6 billion asset bank with forty-three full-service locations. Sandy Spring has continued to expand since its founding in 1868, becoming the largest publicly traded banking company headquartered and operating in Maryland along with offering 40,000 surcharge-free ATMs worldwide at leading retailers such as 7-Eleven®, Target®, and CVS/pharmacy® through the Allpoint Network.
"Recent studies continue to support that ATMs are a major factor in bank customer acquisition and retention," said Ben Psillas, President of Allpoint. "Demand for
surcharge-free ATM access continues to be very strong."
Commenting on the Allpoint renewal, Todd Ellis, Senior Vice President, Retail Banking at Sandy Spring Bank, said, "Allpoint's ATMs make sense for us strategically by offering an extensive network of ATMs nationwide that provide our clients a convenient means to access their money."
Allpoint is the largest surcharge-free ATM network with 40,000 ATMs in leading national and regional merchant locations across the United States and the United Kingdom. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com.
Ben Psillas, President of Allpoint Network