Citicorp to Promote Bank Services at Kinko’s

Citibank said it will open sales offices at Kinko’s Inc. copy centers, as the bank seeks to expand in the U.S. without buying or building expensive branches. Kinko’s, a privately held company based in Ventura, has more than 880 stores in eight countries. Citibank, the main unit of New York-based Citicorp, tested sales and information offices at Kinko’s stores in Las Vegas. It plans to open mini-branches in six to eight Kinko’s stores during the next year. The program is expected to expand to more Kinko’s stores. The centers, which will be staffed by bank employees, will include automated teller machines that can accept deposits. They will also promote other services using video screens, computers and brochures. “We can offer Citibank’s services in new areas of the country” by teaming up with a national retailer, said Steve Liguori, a spokesman for Citibank. Citicorp’s shares rose $3.06 to close at $158.56 on the New York Stock Exchange.