Chase Opens a New Auto Custom Finance Office in Pittsburgh

[cid:image003.jpg@01CB017A.9AF841B0]Chase Auto Finance

900 Stewart Avenue, Garden City, NY 11530-4855

NYSE symbol: JPM

www.chase.com





News release: IMMEDIATE RELEASE
Media contact: Mary Kay Bean, 313-225-2831, mary.kay.bean@chase.com

Chase Opens a New Auto Custom Finance Office in Pittsburgh

Pittsburgh, June  1, 2010- Chase Auto Finance has opened a new Custom Finance office in Pittsburgh to meet the sub-prime financing needs of auto dealers in western Pennsylvania.


Located in Suite 400 at Penn Center East, 201 Penn Center Boulevard, Pittsburgh, the new office is managed by Jim Ciocian, who also manages Chase's Philadelphia Business Center.


"Chase prides itself on offering local customer service that makes it easier and faster for auto dealers and consumers to access our sub-prime financing solutions," said Bill Jensen, Chase Custom Finance executive.  "We continue to expand in the region and anticipate future growth."

Previously, Chase's Custom Finance Business Center in Philadelphia served western Pennsylvania.  The new Pittsburgh office will house an underwriting and funding team, which will receive support from the Philadelphia center that continues to service some collections and loan booking.

Local Chase teams provide a full suite of services to auto dealerships through prime and sub-prime business centers. Chase's Dealer Commercial Services division is a leading non-captive floorplan and commercial loan provider for auto dealerships across the nation and offers treasury management services, real estate financing and other commercial banking services to franchised automobile dealers.

Chase Auto Finance purchases retail installment contracts and originates loans across the continental United States, as well as in Hawaii and Alaska. Its Custom Finance division serves more than 15,000 auto dealers across the country with over 40 business centers.

Chase Auto Finance, together with its affiliates, is the largest bank provider of auto financing in the country. Parent company JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and private equity. Under the JPMorgan and Chase brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.

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