MOUNT VERNON, N.Y., Dec. 19 /PRNewswire/ -- Mount Vernon Money Center Corporation ("MVMC") is pleased to announce the formation of its new subsidiary, Armored Money Services, LLC. In support of this new operation, MVMC has completed the asset purchase of American Armored Car, Ltd and combined it with its current cash delivery and security operations to form one of the largest locally owned and operated armored carriers in the New York metro area.
Robert F. Egan, President and founder of MVMC said, "Combining our resources with the assets recently acquired from American will allow us to dramatically expand our commitment to this region as a trusted provider of a variety of money management services to our clients." The expansion of its armored services capabilities will enhance its already proven reputation for ATM services and cash processing, building a strong synergy in securing, delivering and managing cash for a variety of businesses. Its clients include banks, credit unions, retail merchants and municipal services. "Searching for the right relationship with a financial services provider is an important process. At MVMC we take a full-service approach by getting to know our customers and gaining an understanding of how important it is for key decision makers to work with a company that provides every level of service and protection. It is this interaction that has made us who we are ... a one-source provider offering everything a company needs to provide the best services to their customers. Cash management is our primary business. And when it comes to our performance, we are recognized nationally, valued locally," says Egan.
The armored carrier operation will continue to be based at the state-of-the- art facilities in Elmsford, NY and all of its employees and vehicles will be identified under the new Armored Money Services brand. The firm employs over 300 employees and operates a fleet of 100 vehicles throughout the tri-state area.
About Mount Vernon Money Center Corporation. MVMC Corporation has been in the cash management business for over 30 years with its roots in owning and operating 36 retail money services branches. The firm now provides ATM Cash Replenishment, First and Second Line Maintenance and ATM Deposit Sweep services. Field Technicians are certified by the major ATM manufacturers. The company also provides a variety of integrated digital surveillance/CCTV installation and support services. Since its inception MVMC has had a reputation for integrity, commitment to service and reliability regarding its handling of its clients' assets.
SOURCE Mount Vernon Money Center Corporation
