BANKING ON BANKS

Supermarkets and banks are clearly warming to each other again, as demonstrated by a series of promotions and expanded location agreements that underscore their mutual interests.The effectiveness of supermarket bank branches has been debated in the banking trade for years, and reached a low point in early 2002 when Canadian Imperial Bank of Commerce, Toronto, halted its ambitious Amicus program with

Supermarkets and banks are clearly warming to each other again, as demonstrated by a series of promotions and expanded location agreements that underscore their mutual interests.

The effectiveness of supermarket bank branches has been debated in the banking trade for years, and reached a low point in early 2002 when Canadian Imperial Bank of Commerce, Toronto, halted its ambitious Amicus program with Safeway and Winn-Dixie. However, by the end of 2003, several major bank branch expans

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