Chase Education Finance Completes Acquisition of Collegiate Funding Services

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.