U.S. Bancorp to Expand in Stores
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U.S. Bancorp, the sixth-biggest U.S. bank, will install 333 automated teller machines at Walgreen Co. stores in California and Nevada to expand in the West.
Minneapolis-based U.S. Bancorp said its U.S. Bank subsidiary would install 312 ATMs in California and 21 in Nevada.
U.S. Bancorp will about double its ATMs in California to 684, and will boost its ATMs in Nevada to 119. The bank has 306 branches in California and 40 in Nevada.
Walgreen customers will be able to make cash withdrawals, check balances and transfer funds as well as order checks and change their personal identification numbers at the ATMs, U.S. Bancorp said.
Shares of U.S. Bancorp fell 27 cents to $28.60 on the New York Stock Exchange. Shares of Deerfield, Ill.-based Walgreen rose 7 cents to $43.82.
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