Branch banking is outlawed
in the state of Texas, unmanned
automated teller machines are only
allowed within a certain distance from a
bank building.
If Proposition one is passed, your
bank could set up automatic tellers like
this one anywhere it wants it around the
state. You can do your banking 24
hours, seven days a week.
And if you think your bank is too small
and couldn't afford a setup like this
one, well, proposition one has an answer
for that, too.
Bob Hallmarked deals with financial
institutions all over the state.
His company makes the plastic cards
used in the automatic transactions.
All banks will have the right to
share those machines.
So there will be a sharing arrangement.
So any bank that wants to offer that that
service to this customer and there's a
machine out there, he
will have the privilege of allowing his
customers to use that machine.
Savings and loan associations and credit
unions are not prohibited from reaching
not only that savings and loan
associations can branch throughout the
state.
So we think
as bankers that we've been operating in
an unfair competitive environment.
In 1976, credit unions
and savings and loans helped defeat a
similar proposition.
But today is branch banking proposal
would allow those institutions to use
the bank machines.
So opposition to this proposal this
time is very light.
Pam Moore, Channel 5 Action News,
Fort Worth.