Bank of America inks mall ATM deal with Simon Property Group

Source: Bank of America

Simon Property Group, Inc. (NYSE: SPG), the nation's largest owner, developer and manager of high quality retail real estate, announced today a new strategic agreement with Bank of America to place more than 360 of the bank's ATMs in 160 malls in 31 states.

The installations will be largely completed by June of this year. Financial and other details about the agreement were not released.

"As the largest financial institution ATM provider in the country, Bank of America is a perfect fit for Simon's national footprint," said Paula Ramey, vice president of administration, Simon Management Group. "Partnering with Bank of America enables Simon to host an exclusive ATM service provider in the common areas of our properties that will deliver high-quality service to our shoppers and portfolio coverage for Simon."

"We're excited to be working with Simon Property Group to put our ATMs at quality locations where our customers can access cash conveniently and quickly," said Kirk Lindsey, Bank of America's ATM executive.

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