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Laredo-based bank to install teller machines in 18 local supermarkets
In a deal struck between two of the country's largest Hispanic-owned businesses, International Bank of Commerce has agreed to install automatic teller machines in all of Handy Andy's 18 San Antonio supermarkets.
The move, which will cost the bank $250,000 and includes three full-service machines, will put the bank in new areas of San Antonio, including the southern parts of the city.
"We've always been interested in covering the whole market," says Carlos Martinez, executive vice president of IBC in San Antonio. "Our main goal is market penetration and service."
Based in Laredo, IBC had one location in San Antonio until last June, when it acquired the failed Travis Savings and Loan Association, which had four branches. David Salazar, president of Handy Andy, says that about one-third of …