LOUISVILLE, Ky. -- Liberty National Bancorp has signed a letter of intent to join the MAC automated teller machine network.
Liberty, a leading regional processor of ATM transactions, would add its machines to MAC while pining rights to market MAC services to financial institutions in Kentucky and southern Indiana.
MAC, formally called Money Access Service, gained a foothold in Kentucky last year when it became a joint venture of CoreStates Financial Corp., Society Corp., Banc One Corp., and PNC Bank Corp. The latter two own Kentucky banks.
Liberty, the parent of Liberty National Bank and Trust Co., said it intends to bring 90 correspondent banks with 300 ATMs into MAC. They would give MAC a potential of 680 machines and one million cardholders in the Kentucky-Indiana area. The network has 12,000 ATMs and 28 million cardholders in 16 states.