Banco Popular boosts local ATM network

By Becky Yerak
Posted Sep. 16, 2010 at 5:46 p.m.

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.

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