Chase Education Finance Completes Acquisition of Collegiate Funding Services
March 01 2006 - 12:04PM
Business Wire
JPMorgan Chase Bank, N.A. (NYSE:JPM) today has completed the
acquisition of Collegiate Funding Services, Inc. (NASDAQ:CFSI),
creating a comprehensive education finance business. Chase
Education Finance now has the sales, marketing, origination and
servicing capabilities to be a major provider of every type of
student loan as it works with schools and directly with students
and their parents to achieve their educational goals. Chase, the
U.S. consumer and commercial banking brand of JPMorgan Chase &
Co., has issued approximately 110 million credit cards and serves
consumers and small businesses through more than 2,600 bank
branches, 7,300 ATMs and 280 mortgage offices as well as through
relationships with over 15,600 auto dealerships and 2,500 schools
and universities. JPMorgan Chase is a leading global financial
services firm with assets of $1.2 trillion and operations in more
than 50 countries. Information about the firm is available at
www.jpmorganchase.com.
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