New bank to bring back old ATM character

Published: 8 April 2003 y., Tuesday
According to a report in the Hartford Courant, the Barney character, which had a small round face and bow tie, was once so recognizable in the state that any bank's ATM came to be known as a "Barney machine." Barney's bespectacled face will adorn the new bank's ATMs, as the new CBT hopes to capitalize on some of the nostalgia surrounding Barney. According to the Courant, Barney the ATM was registered as a trademark in 1982 to the old CBT. The trademark expired last year, but hasn't been taken by anyone else. So, the new bank now will apply for it, said the bank's lawyer, Robert M. Taylor III, of Day, Berry & Howard in Hartford. Organizers of the new CBT hope to open the bank in January, with branches in Hartford, West Hartford and Glastonbury. First, they must get approvals from the state banking commission and raise between $12 million and $18.5 million in a stock offering. Barney hasn't been seen since 1992. A year earlier, the old CBT failed as part of the spectacular collapse of the Bank of New England Corp. The remains of the old CBT were purchased by Fleet Financial Group, which booted Barney. CBT officials were inspired to create Barney in 1976 after hearing about an Atlanta bank that used a character called "Tillie the Teller" to boost ATM usage, according to the Courant.
Šaltinis: atmmarketplace.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Financial sector: preventing the next crisis

New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed. more »

Russia's accession to WTO and China's role in world economy were discussed in Vilnius

On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy. more »

Globalisation fund: Budgets Committee backs aid to Spain and Ireland

2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday. more »

Commission rewards Europe's best green businesses

Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment. more »

Fisheries reform: firm backing for research but differing views on quotas

The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday. more »

First JESSICA fund loan agreement signed with Lithuania’s Šiaulių bankas

The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas. more »

Estonia's euro

Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January. more »

'Polluter pays' principle for banks

Commission proposes a bank tax to cover the costs of winding down banks that go bust. more »

Strong EIB support for new energy investments in Greece

The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery. more »

The promotion of the electric vehicle in Europe, under examination

European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals. more »