Star Bank Acquires Nine Winn Dixie/Thriftway In-Store Locations
(Business Wire; 08/31/98)
CINCINNATI (Aug. 31) BUSINESS WIRE -Aug. 31, 1998--Star Bank, N.A., recently
signed a definitive agreement to purchase nine in-store banking locations
inside Winn Dixie/Thriftway stores in Greater Cincinnati. Star Bank purchased
the nine locations from Financial Supermarket, Inc. (FSI), a consulting firm
which specializes in the marketing of in-store banks. The in-store locations
were sold to FSI by Provident Bank which previously owned the nine branch
locations. Winn Dixie is the parent company of the Thriftway stores. Terms of
the agreement were not disclosed.
This acquisition of nine branch offices gives Star Bank 20 in-store locations
in Greater Cincinnati with offices in Meijer stores, Remke's Markets, LoBill
Foods, and Winn Dixie/Thriftway stores. With the addition of these nine new
locations, Star Bank now has 83 in-store locations in Ohio, Kentucky and
The nine locations purchased by Star Bank were previously operated as Provident
Bank branches inside Winn Dixie/Thriftway stores with eight of the in-store
branches in Ohio communities including Anderson Township, Delhi, Western Hills,
Harpers Point, Hyde Park, Monfort Heights, Northgate and Springdale and one in
Kathleen Beechem, senior vice president and regional manager for Star Bank,
commented, "We are very pleased to announce this enhancement to our
relationship with Winn Dixie and our growing and highly successful in-store
banking division. Currently, Star Bank has branches inside Winn Dixie stores in
other markets and we plan to further this relationship with additional
locations in their Midwest marketing area. As in all our banking locations,
Star Bank and Winn Dixie/Thriftway will work to give customers the highest
levels of convenience and service, seven days a week. We feel very fortunate to
have an outstanding partner like Winn Dixie/Thriftway to augment our customer
convenience commitment in Greater Cincinnati. As a 135 year old organization,
Star Bank places much emphasis on quality service and personal attention to its
customers. These are traits that are shared by Winn Dixie/Thriftway, which also
incorporates customer driven strategies into their day-to-day operations."
The nine in-store locations closed on Friday, August 28, 1998 and were
converted from Provident Bank to Star Bank locations by the morning of Monday,
August 31. Star Bank purchased only the banking facilities, all customer
relationships are scheduled to be transferred to other Provident Bank branches.
Customers who wish to continue to bank at these in-store locations should
contact Star Bank.
Star Bank currently has in-store banking locations in the following retail
establishments: Remke's Markets; LoBill Foods; Kroger stores; Super Kmart
Centers; Meijer stores; Cub Foods and Lofino Foods stores; bigg's; Rini-Rego
stores; Winn Dixie locations; Heinen's; and Giant Eagle.
A major customer benefit will be the extended banking hours offered at the new
Star Bank Thriftway locations. These full-service Star Bank branches will be
open from 10:00 a.m. until 8:00 p.m., Monday through Saturday, and from noon
until 5:00 p.m. on Sunday. Also, customers of these Thriftway locations will
have the advantage of access to Star Bank's "24-Hour Banking System" and "Five
Star Service Guarantee," as do other current in-store and traditional banking
With Star Bank's 24-Hour Banking System customers can now bank where they want,
when they want and on their own terms. Star Bank was the first bank in the
country to offer a fully integrated customer service and banking convenience
package which includes branch banking, voice-activated phone banking, PC
banking, Super ATMs, video kiosk banking and Internet banking.
The Star Bank Five Star Service Guarantee insures customers of certain key
banking benefits or they will be paid for their inconvenience. The guarantee
states: customers' statements will always be accurate; there will be no longer
than a five minute wait in a teller line; Star's ATMs and telephone customer
service center representatives will always be ready to serve the customer; and
that customer inquiries will receive a same day response or the customer will
have $5.00 credited to their account.
The branch offices inside Thriftway stores will offer Star Bank's customary
high quality full-service banking products and services and have traditional
teller stations and private office facilities. Customers will be able to
conveniently take care of all their banking needs, such as checking, savings,
CDs, IRAs, installment and mortgage loans, investment opportunities, obtain one
of Star Bank's attractive credit card products, ATM transactions and more.
Star Banc Corporation (NYSE:STB), the parent company of Star Bank, N.A., is a
multi-state bank holding company, incorporated in Ohio, with approximately $17
billion in total assets. Star Banc Corporation currently operates 452 full-
service banking offices in Ohio, Kentucky, Indiana and Tennessee. Star Bank was
founded in 1863.