Walgreens, UMB Finalize Installation of ATM Network in Oklahoma
November 02 2005 - 11:55AM
Business Wire
UMB Bank (Nasdaq:UMBF) and its ATM operations management partner,
eFunds Corporation (NYSE:EFD), have activated ATMs in 60 Walgreens
stores in Oklahoma, including 28 stores in the Oklahoma City
metropolitan area and 23 in the Tulsa metro. ATMs are also active
in Walgreens stores in Enid, Ponca City, Stillwater, Miami,
Bartlesville, Lawton, Ardmore, Duncan and Weatherford. "This
agreement strengthens our position in Oklahoma and is a sign of a
commitment to extend the reach and presence of UMB," said Royce
Hammons, chairman, president and CEO of UMB Bank Oklahoma. "We have
essentially given customers 60 new locations to handle their
banking needs and we believe they will be pleased with the added
convenience." The entire contract agreement between UMB and
Walgreens involves ATM installations in 307 stores in Missouri,
Illinois, Kansas, Oklahoma and Colorado. The expansion represents a
62.5 percent increase in ATM locations for UMB in the central
United States. UMB Financial Corporation is a multi-bank holding
company headquartered in Kansas City, Mo., offering complete
banking and related financial services to both individual and
business customers. Its banking subsidiaries own and operate 139
banking centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma and Nebraska in addition to a loan production office in
Arizona. Subsidiaries of the holding company and the lead bank, UMB
Bank, n.a., include an investment services group based in
Milwaukee, Wisconsin, a trust management company in South Dakota,
and single-purpose companies that deal with brokerage services,
consulting services and insurance. Walgreen Co. is the nation's
largest drugstore chain with fiscal 2004 sales of $37.5 billion.
The company operates 4,738 stores in 45 states and Puerto Rico, and
plans to open about 450 new stores nationwide in fiscal 2005.
Walgreens also provides additional services to pharmacy patients
and prescription drug plans through Walgreens Health Initiatives (a
pharmacy benefits manager), Walgreens Mail Service, Walgreens
Specialty Pharmacy and Walgreens Home Care.
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