Walgreens, UMB Finalize Installation of ATM Network in Colorado
November 03 2005 - 10:06AM
Business Wire
UMB Bank (NASDAQ:UMBF) and its ATM operations management partner,
eFunds Corporation ((NYSE:EFD), have activated ATMs in 74 Walgreens
stores in Colorado, including 48 stores in the Denver metropolitan
area and 13 stores in the Colorado Springs area. 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. "This is a
significant statement to make to our customers in Colorado because
we have created a higher level of convenience by giving them more
places to bank," said Jon Robinson, president of UMB Bank Colorado.
"This is an exciting opportunity for UMB along the Front Range, and
demonstrates our dedication to advancing the strength of UMB
banking operations in Colorado." UMB Financial Corporation 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. Walgreens 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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