New bank to bring back old ATM character

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.