STRATEGIC PARTNERS
November 26, 2001
PITTSBURGH -- Citizens Bank and Pittsburgh-based grocery store chain Giant Eagle, Inc. announced a long-term agreement to place 41 Citizens branches in Giant Eagle stores and a commitment from the bank to open additional grocery store-based branches in Giant Eagle stores in western Pennsylvania.
Citizens also announced it will introduce full-service Citizens "Green Machine" ATMs at Giant Eagle stores, replacing all Mellon Bank ATMs.
Under the agreement, the 41 branches presently operated by Mellon Financial Corporation in Giant Eagle stores in the Pittsburgh region, Erie and the Johnstown/Altoona area will be operated by Citizens beginning Dec. 1, after Citizens completes its purchase of Mellon's retail, small business and certain middle market commercial banking businesses.
According to a news release, Citizens also will aggressively review opportunities to add banking branches in Giant Eagle stores where branches are not presently available.
Giant Eagle has 111 corporate and 91 independently owned and operated stores throughout western Pennsylvania, northeastern Ohio and north central West Virginia.
