February 20, 2002
AMSTERDAM, N.Y. and CLEVELAND-- Mohawk Community Bank of Amsterdam, N.Y.,primary subsidiary of Ambanc Holding Co. Inc. (NASDAQ: AHCI),announced it has entered into an agreement with Cleveland-based KeyCorp (NYSE: KEY) to provide its customers access to KeyCorp's ATM network in New York, New Hampshire, Vermont and Maine.
In addition to Mohawk's existing network of 17 in-branch ATMs, KeyCorp will provide Mohawk customers with access to 456 KeyCorp ATMs in these four states without a KeyCorp surcharge.
Despite adhering to traditionally competitive business practices, KeyCorp offers its agent bank capabilities to smaller banks, savings and loans and credit unions.