Cardinal State Bank Goes Nationwide With No-Charge ATM Access
26 May 2005 - 3:47AM
PR Newswire (US)
Cardinal State Bank Goes Nationwide With No-Charge ATM Access
DURHAM, N.C., May 25 /PRNewswire-FirstCall/ -- Cardinal State Bank
(NASDAQ:CSNC) now offers no-charge ATM access to all checking
account customers at any bank ATM in the United States, announced
John W. Mallard Jr., president and CEO for Cardinal State.
"Cardinal State Bank continues to look for ways to add value for
our customers," said Mallard. "We have offered no-charge access to
any ATM in North Carolina since we opened for business four years
ago. Now, we've extended this convenience across the country. Our
customers can use any bank ATM across the country - just as if it
were our Bank's ATM. The way we describe it is: we have the largest
ATM network in the country!" Typically, banks allow customers to
use their proprietary ATMs at no charge, but charge a service fee
for using any other bank ATM and the other bank charges an access
fee, as well. CSB pays these charges for their customers. This
change represents added convenience and cost-savings to all
Cardinal State Bank checking account customers. Headquartered in
Durham, NC, Cardinal State Bank is a full-service community bank
with three offices in Durham: Independence Park, Westgate Drive and
Homestead Market, and an ATM at Northgate Mall. The Bank reported
total assets of $142.2 million as of March 31, 2005. This news
release may contain, among other things, certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including, without limitation, (i) statements
regarding certain of Cardinal State Bank's goals and expectations
with respect to earnings, earnings per share, revenue, expenses and
the growth rate in such items, as well as other measures of
economic performance, including statements relating to estimates of
credit quality trends, and (ii) statements preceded by, followed by
or that include the words "may", "could", "should", "would",
"believe", "anticipate", "estimate", "expect", "intend", "plan",
"projects", "outlook" or similar expressions. These statements are
based upon the current beliefs and expectations of Cardinal State
Bank's management and are subject to significant risks and
uncertainties. Actual results may differ from those set forth in
the forward-looking statements. These forward-looking statements
involve certain risks and uncertainties that are subject to change
based on various factors (many of which are beyond Cardinal State
Bank's control). DATASOURCE: Cardinal State Bank CONTACT: Wendy
Wagner, Executive Vice President and Chief Operations Officer of
Cardinal State Bank, +1-919-403-2833, or Web site:
http://www.cardinalstatebank.com/
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