Security and Alarm
Bancare acquires SSTI in a calculated move to help achieve a mutual bliss
On Friday, the 18th of June 2021, James Cozzi and Gary Ainsworth form a union of two great companies to create a mutual bliss of not only their employees, but also between their companies and their customers.
James Cozzi, the President and CEO of Bancare has been working closely with Bancare’s Founder, Joseph Cozzi, in search for the perfect union. “The opportunity needed to be one that would fit our values, our attitudes, our culture and our goals,” said Joseph Cozzi who started Bancare in 1972.
Gary Ainsworth, the President and CEO of Service Security (SSTI), started the company in 2003. Gary noted that this acquisition brings new products and services for his customers. “We will continue to offer our great products and services. Plus, we are now able to offer construction services, facility maintenance, ATMs, ITMs, and TCRs.” Gary continued “Bancare’s experience, products, and team members will be a great way of expanding our resources and give us more options in serving our customer’s needs. We are proud to be part of the Bancare family.”
It is unusual to have the entire staff of a company stay on board through an acquisition. But this is the case, including Gary Ainsworth. Gary explained to his team that they will continue to “provide the same excellent service that they always do, and I will now have time to do what I love to do… meet with my customers and visit their businesses” he said.
“No family member left behind” said James Cozzi as he continued to express his desire to “be stronger together and strive to be better.” James refers to this as “our companies greatness strategy.” This union provides Bancare a “broader service and equipment range in central Illinois, northern Illinois, and southern Wisconsin,” said James.
About Bancare: Founded in 1972 and located in Arlington Heights, IL. Bancare provides banking equipment and services. They also provide construction and facility maintenance services to a broad variety of industries including financial, retail, and medical.
About SSTI: Founded in 2003 and located in Loves Park IL, SSTI is an equipment and service provider for the financial industry in the IL and WI markets. SSTI’s expertise is alarm and security equipment, drive-up systems, service, and repair.
Bancare places Bitcoin ATMs in partnership with Bank
On Wednesday, the 26th of May, Bancare entered into an agreement with a community bank in Illinois to deliver, install, and drive Bitcoin ATMs at 5 of their branches.
“This is a great opportunity to give customers more investment opportunities within the bank” said Chris Matthews, the Business Development Director for Bancare. Chris continued “we find that over 80% of all Bitcoin ATM transactions are done to facilitate the purchase of Bitcoin.”
Bancare announces their new eBranch Equipment
On Friday, the 30th of April, Bancare released their managed services program under the name of “eBranch eQuipment”. This program promotes the latest equipment to financial institutions without out of pocket upfront expenses. “This is a great way for financial institutions to offer some of the best equipment in the industry and pay a monthly branding fee” said Chris Matthews, the Business Development Director for Bancare.
The eBranch eQuipment program is a simple way of getting equipment, such as ATMs, ITMs, and TCR’s without the headaches and responsibilities of ownership. Bancare owns the equipment, they service it, and they pay for any repairs and regulatory upgrades.
Bancare goes all "ground up" construction for a nationwide bank
On Friday, the 22nd of January, Bancare was awarded a full ground up construction project with one of the big 3 nationwide banks. “We are thrilled that this project is coming together. It is due to the hard work of our team. Our reputation of doing the job correctly and efficiently is one that we take very seriously” said Todd Stefaniak the VP of Construction with Bancare.
Bancare has continued to grow their construction crew and fleet throughout the United States. “We will continue to grow until we have a project in each state” said Todd when asked about the future plans.