SAN ANTONIO -- Frost Bank and Cardtronics Inc. have announced a significant expansion of ATM locations available for Frost Bank customers. Through this ATM branding relationship,
Frost Bank customers will have access free of charge to all 615 ATMs at Valero Corner Stores in Texas by August 15.
Frost Bank is a regional financial institution that has served Texans since 1868. Cardtronics is a major 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 Bank 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 Bank, 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 CEO 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 Bank 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 of the U.S. Business Group for 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 of Valero Retail. "Frost customers can look forward to enjoying the same great fast, friendly service as other Corner Store customers do today."
San Antonio-based Valero Energy Corp., through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero subsidiaries employ approximately 22,000 people, and assets include 16 petroleum refineries with a combined throughput capacity of approximately 3 million barrels per day, 10 ethanol plants with a combined production capacity of 1.2 billion gallons per year, and a 50-megawatt wind farm. Approximately 6,800 retail and branded wholesale outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland.
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