Chase Opens Custom Auto Finance Center in Richmond, Va.

Chase Auto Finance recently expanded its  presence in the Southeast by opening a full-service Custom Finance Business Center in Richmond, Va., to help  area auto dealers provide financing solutions for sub-prime customers buying new and used vehicles..

“This center strengthens Chase’s commitment to dealers and car buyers in Virginia,” said Bill Jensen, Chase Custom Finance executive.   “We are making it even more convenient for auto dealers in the region to meet their customers’ needs.”  

Kevin O’Connell manages the center at 3900 Westerre Parkway and heads a team that includes credit analysts, a funding supervisor and a relationship manager.  

Chase 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 more than 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. (NYSE: JPM) 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.

7/11/10