ATMs crop up everywhere

Article Abstract:

Automatic teller machines (ATMs), whether bank or non-bank, are appearing almost everywhere and are gaining higher consumer acceptance because of the convenience they provide. ATM owners find the machines to be cost-effective and even profitable to operate. ATMs are in supermarkets and convenience stores, entertainment sites, casinos and even gas stations. ATM users have shown their willingness to pay fees for the convenance of accessing their money 24 hours a day, seven days a week. The total number of ATMs increased from 140,000 in June 1996 to 165,000 in June 1997 and is expected to reach 200,000 by the end of June 1998.

Comment:

Bank ATMs are appearing almost everywhere and are gaining higher consumer acceptance for the convenience they provide

United States, Other Computer Peripheral Equipment Manufacturing, Automatic Teller Machines, Automated teller machines

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Buyers line up for possible sale of Beneficial National

Article Abstract:

Household International, a financial services provider, is considering plans to sell the banking operations of Beneficial Corp. in Delaware once the purchase deal between the two is consummated. The Beneficial banking operations that may be sold include Beneficial Savings Bank as well as Beneficial National Bank. The two banks, which are very profitable, are expected to generate strong positive response from other banks operating in the region. Household International does not plan to retain the banks since it has shed its own banking operations in 1996.

Comment:

To sell banking operations of Beneficial Corp once purchase deal between the 2 is consummated

Asset sales & divestitures, Facilities & equipment, Household International Inc.

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Wilmington Trust looks beyond Del

Article Abstract:

Wilmington Trust Corp., a banking services provider, intends to expand its banking and other operations in markets other than Delaware. The company has expressed plans to establish branch operations in several parts of the US and enhance its specialty trust operations, according to Ted C. Cecala, the firm's chairman and chief executive officer. The move is part of the efforts of the company to capitalize on the consolidation of the financial services industry brought about by the introduction of better technologies as well as regulations.

Comment:

To expand its banking & other operations in markets other than Delaware

Wilmington Trust Corp.

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