300 New ATMs Are Right Prescription for Chase Customers in Florida
June 12, 2006
ATMs at Walgreens expand Chase’s network fivefold in Sunshine State
FORT MYERS, Fla., – Chase announced today it is putting its distinctive blue octagon logo on ATMs in more than 300 Walgreens drug stores in Florida, increasing Chase’s ATM network fivefold in the Sunshine State.
Chase has begun the branding and will reach 317 stores by the end of the summer, primarily in key metro areas around the state.
The move will give Chase nearly 400 ATMs in Florida. Chase currently has 70 ATMs in Florida, including 39 at Walt Disney World and 13 at Universal Studios.
“We are teaming up with Florida’s leading drugstore to create 317 more ways to serve our customers, especially those from the Northeast and Midwest who travel frequently to Florida, for both short and long visits,” said Jeff Carter, retail banking manager for Chase in Florida. “Both Chase and Walgreens know how important convenience is to our customers.”
Almost 1 million temporary residents relocate to Florida during the winter months, according to a University of Florida Bureau of Economic and Business Research study. Leading the relocation are New Yorkers, Michiganders and Ohioans – states where Chase is a leading bank. The snowbirds stay an average of five months, the survey found.
The multiyear branding agreement with Cardtronics, which owns and operates the ATMs, will put the Chase logo on ATMs in the following markets:
* Tampa, 112 ATMs
* Orlando, 82 ATMs
* West Palm Beach, 54 ATMs
* Sarasota, 27 ATMs
* Fort Myers, 21 ATMs
* Naples, 15 ATMs
“Adding the respected Chase brand to the ATMs in Walgreens is likely to increase usage,” said Keith Myers, executive vice president of financial services for Cardtronics. “Consumers notice and respond to strong brands.”
The Florida ATMs expand Chase’s long-standing relationship with Walgreens. In 2005, Chase added ATMs at 220 Walgreens stores in Arizona. By yearend 2006, Chase expects to have ATMs in 1,200 Walgreens stores in seven states, including 385 in the Chicago area.
Chase, the U.S. consumer and commercial banking brand of JPMorgan Chase & Co., has more than 110 million credit cards issued and serves consumers and small businesses through more than 2,600 bank branches, 7,600 ATMs and 280 mortgage offices as well as through relationships with over 15,000 auto dealerships, and 2,500 schools and universities. It also serves more than 25,000 commercial banking clients, including corporations, municipalities, financial institutions and not-for-profit entities with annual revenues generally ranging from $10 million to $2 billion. Chase has six branches in Florida. More information about Chase is available through www.chase.com.
Walgreen Co. is the nation’s largest drugstore chain with fiscal 2005 sales of $42.2 billion. The company operates 5,271 stores in 45 states and Puerto Rico, and plans to open about 475 new stores nationwide in fiscal 2006. 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. Information about the company is available at www.walgreens.com.
Cardtronics, the world’s largest owner/operator of ATMs, has a U.S. network of more than 26,000 locations operating in every major U.S. market and in all 50 states as well as 1,000 locations throughout the UK. Major merchant-clients include A&P®, Duane Reade®, Rite Aid®, Sunoco®, Target® and Walgreens®.
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