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Sovereign, Dunkin' Donuts hint at ATM deal
November 11, 2007
The Boston Globe:Sovereign Bancorp told Reuters it had spoken with Dunkin' Donuts about striking an alliance that would allow the bank to put ATMs in Dunkin' coffee and doughnut shops in the northeastern United States. The bank later issued a statement saying it was not in discussions "with Dunkin Donuts regarding ATMs or any other joint venture," but declined to elaborate. Last year, Philadelphia-based Sovereign almost doubled its ATM network when it struck an ATM deal with CVS. A prospective deal with Dunkin' Donuts would be different because store ownership includes franchisee-franchisor relationships. "It's a little more complicated," Sovereign's chief executive said. "But we have very good relationships on both sides."
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