E*Trade Shops ATM Fleet

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MENLO PARK , Calif. - (05/21/04) -- E*Trade Financial Corp. said thisweek it is actively seeking a buyer for its 15,000 ATMs, thelargest independently owned fleet of cash machines in the country.The move comes less than four years after the online sock tradingfirm began building its fleet, to give customers a brick-and-mortarpresence with which to make deposits. E*Trade machines are part ofthe Allpoint network, the year-old surcharge-free ATM system thatis actively seeking credit union participation. Analysts say thefleet could fetch as much as $100 million on the market.

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