GRAND UNION TO INSTALL BANK UNITS CHAINWIDE

WAYNE, N.J. -- Grand Union Co. here will open the first full-service bank branch in its Northern division next week, a move that marks the beginning of a chainwide commitment."This is a new avenue that we're pursuing," said Ray Ayers, corporate vice president of real estate. Although a specific timetable has not been established, he told SN, Grand Union intends to put bank branches in all 253 stores

WAYNE, N.J. -- Grand Union Co. here will open the first full-service bank branch in its Northern division next week, a move that marks the beginning of a chainwide commitment.

"This is a new avenue that we're pursuing," said Ray Ayers, corporate vice president of real estate. Although a specific timetable has not been established, he told SN, Grand Union intends to put bank branches in all 253 stores "as space becomes available."

A full-service bank branch is set to open Dec.

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