SAB Recent Developments
Fidelity Bank joins Select-A-Branch Surcharge free ATM network - Aug. 7, 2007
Richard G. Spencer, President and Chief Executive Officer of Fidelity Bank, today announced that Fidelity Bank has partnered with the Select-A-Branch ATM Network, LLC (SAB), allowing the bank to deliver branded, surcharge-free transactions to its cardholder base via SAB ATMs. Fidelity Bank's customers can now withdraw cash, check balances, and transfer funds at any SAB ATM without incurring a surcharge fee. Per SAB's patent-pending technology, the ATMs deliver these transactions via screens branded with the institution's colors, logo, and messages. There are no special buttons to push or codes to remember...the ATMs simply recognize the cards of participating institutions. Dan Stechow, SAB Chief Operating Officer and point person for financial institution management commented, "Our network helps both the financial institution and the cardholder. For the first time, banks and credit unions can truly extend their ATM footprint without sacrificing branding. Their cardholders know that every bright green SAB ATM provides a surcharge-free transaction."
Fidelity Bank agrees. "Select-A-Branch's unique offering fulfills our desire to keep our customers more closely aligned with our brand, and at the same time provide a valuable service outside of our traditional footprint," commented President Spencer. "In today's financial services landscape, that represents a competitive edge."
SAB now operates ATMs across Pennsylvania, including the PA Turnpike, the Reading Terminal Market, and the PA Convention Center. Immediate growth plans include locations throughout the region; the company expects to make major announcements in that regard in the near term and recommends that interested parties visit Fidelity Bank's web site regularly for updates. (http://www.fidelitybank-pa.com)
Fidelity Bank is a wholly owned subsidiary of Fidelity Bancorp, Inc. and is a Pennsylvania chartered, FDIC Insured bank conducting business through thirteen offices in Allegheny and Butler counties.
About Select-A-Branch
SAB is an ATM Independent Service Operator that seeks to grow its network in high-traffic locations. SAB's patent pending ATM Software Solution allows banks and credit unions to deliver a branded, surcharge-free ATM transaction to any of its customers/members at any SAB ATM, resulting in increased patronage and customer satisfaction.
Launched in 2006, SAB has offices in King of Prussia, Pa.