Banco Popular, which has its U.S. headquarters in Rosemont but doesn’t crack the top 25 in Chicago-area market share, is extending its surcharge-free ATM reach nationally, including in the Chicago area.
Banco announced a deal Thursday that provides access to more than 33,000 Allpoint ATMs nationally, including nearly 800 in Illinois. Of the 800, 160 are within three miles of the bank’s Chicago-area branch network.
Banco, a unit of Puerto Rico-based Popular Inc., currently has 14 branches in the Chicago area and 18 local ATMs. Its Chicago-area deposit market share is 0.52 percent.
Nationally, it currently has 136 ATMs and 97 branches.
Allpoint is a surcharge-free ATM network.
“Now, people have many more reasons to make Banco Popular their community bank,” Manuel Chinea, Banco Popular senior vice president of retail banking operations, said in a statement.
To see a copy of the announcement, click here.