WESTMONT, Ill. - (10/13/05) -- EFMARK Premium Armored, the largestindependent servicer of ATMs, said Wednesday it is opening 11 newbranches, bringing its total to 57 full-service facilities in 42states. EFMARK currently provides service to more than 50,000 ATMsfor 1,600 credit unions, banks and independent operators. Thecompany provides maintenance technicians and full cash services,including replenishment, vaulting, deposit pick-up and cashmanagement.
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The company's software automates much of the process of getting money transmitter, lending and other types of licenses.
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The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.
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The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
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U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
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Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.
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In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately.
October 22