HOUSTON, Feb. 26, 2008 (PRIME NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM) and Old Point National Bank have entered into an agreement allowing Old Point National Bank to brand 32 Cardtronics ATMs located in Walgreens stores in Hampton Roads, Virginia. The Old Point National Bank brand will be prominently displayed on ATM signage and transaction screens. Customers of Old Point National Bank will be able to use the branded ATMs surcharge-free.
Cardtronics' surcharge-free ATM branding programs allow branding financial institutions, such as Old Point National Bank, to expand their ATM footprint in new or existing markets without incurring the costs to purchase, install, and operate the ATM network.
"Customer service is the top priority for Old Point National Bank, and our customers have told us they value a more convenient way to access their cash without paying surcharge fees," said Rob Shuford Jr., Chief Operating Officer at Old Point National Bank. "Through our branding agreement with Cardtronics and Walgreens, we are able to deliver what our customers are seeking."
"Cardtronics' ATM branding program is an effective way for Old Point National Bank to strengthen its competitive stance and provide an even better experience for its customers," stated Bob Colabrese, SVP Financial Services at Cardtronics. "The additional customer touch-points and brand exposure provided through the branded ATMs will complement Old Point National Bank's existing branch presence while improving customer service in a cost effective way."
About Cardtronics, Inc.
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is the world's largest owner/operator of ATMs. Cardtronics operates over 31,600 ATMs across its portfolio with ATMs in every major U.S. market as well as approximately 2,000 ATMs throughout the U.K. and over 1,000 ATMs in Mexico. Major merchant-clients include 7-Eleven(r), A&P(r), Chevron(r), Costco(r), CVS(r)/pharmacy, Duane Reade(r), ExxonMobil(r), Rite Aid(r), Sunoco(r), Target(r), and Walgreens(r). Complementing its ATM operations, Cardtronics works with financial institutions of all sizes to provide their customers with convenient cash access and deposit capabilities through ATM branding, surcharge free programs, and image deposit. Over 9,500 Cardtronics owned and operated ATMs currently feature bank brands. The company's common stock is traded on NASDAQ under the symbol CATM. For more information about Cardtronics, please visit www.cardtronics.com.
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About Old Point National Bank
Old Point National Bank is a wholly-owned subsidiary of Old Point Financial Corporation (Nasdaq:OPOF) with a 20-branch network extending throughout Hampton Roads. It is a full service bank offering a broad range of financial services, from free checking and comprehensive commercial services to home equity products. Old Point National Bank celebrates its 85th anniversary in 2008. To learn more about Old Point National Bank, visit www.oldpoint.com.