Cardtronics in Brief Shutdown

By Frederick Lowe May 20, 2010, 4:17 p.m. EDT 1 Min Read

Cardtronics Inc. temporarily shut down nearly 4% of its U.S. company- and merchant-owned automated teller machines in February after FBI agents arrested the owners of an armored-car service and charged them with fraud.

In a May 7 Securities and Exchange Commission filing, the Houston ATM independent sales organization said it temporarily took off line more than 1,000 ATMs served by Mount Vernon Money Center Corp. after federal agents on Feb. 8 arrested the company's president, Robert Egan, 64, and its chief operating officer, Bernard McGarry, 50.

Cardtronics owned and operated 28,048 U.S. ATMs at March 31.

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