Frost Bank expands ATM footprint with Cardtronics

Source: Cardtronics

Frost Bank and Cardtronics today announced a significant expansion of ATM locations available for Frost customers.

Through this ATM branding relationship, Frost customers will have access free of charge to all 615 ATMs at Valero Corner Stores in Texas by August 15. Frost is a strong regional bank that has served Texans since 1868. Cardtronics, Inc. (Nasdaq: CATM) is the world's largest retail ATM owner and exclusive provider of ATM services for Valero Corner Stores.

With the addition of the 615 Cardtronics-owned ATMs at Valero Corner Stores, Frost will more than double the number of ATMs accessible to its customers free of charge. The 615 ATMs at Valero Corner Stores, added to 469 ATMs operated by Frost, will boost Frost's overall ATM network in Texas to 1,084.

"This partnership brings together three Texas-based companies—Frost, Cardtronics and Valero—in a move that significantly expands the number of ATMs our customers can use free of charge. We are making it easier for our customers to do business with us by giving them more access to their money," said Frost chairman and chief executive officer, Dick Evans. "It significantly broadens our network of ATMs across all of our regions, giving Frost the third-largest number of ATMs in Texas."

Valero owns and operates convenience stores under the Corner Store brand across Texas, including 32 in Austin, 23 in Corpus Christi, 65 in Dallas, 161 in Houston, 147 in San Antonio, 39 in Fort Worth/Tarrant County and 17 in the Rio Grande Valley. There are also 131 Valero Corner Stores in communities where Frost does not have financial centers, such as Bryan/College Station, Waco and Lubbock, which increases convenience for customers who are traveling or for college students attending schools in these cities.

"In a matter of months, Cardtronics has been named the exclusive provider of ATM services for Valero Corner Stores and successfully arranged for a premier bank branding partner for the entire state of Texas," said Rick Updyke, president, U.S. Business Group, Cardtronics. "By forming this ATM branding relationship with Cardtronics, Frost validates our belief that Cardtronics' ATMs can play an important role in connecting consumers with their financial institutions, creating convenient cash access in destination retail locations."

"We welcome Frost's customers to our Corner Store locations in Texas," said Gary Arthur, president, Valero Retail. "Frost customers can look forward to enjoying the same great fast, friendly service as other Corner Store customers do today." 

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