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Chase, Bank One Give Customers Access to More Than 6,500 ATMs
Free of Charge
CHICAGO, July 1 /PRNewswire-FirstCall/ -- Customers of Chase Bank and Bank One
today gained free access to a nationwide network of more than 6,500 ATMs that
stretches from New York to Florida to Texas and Arizona.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040608/CGTU065LOGO
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO )
With the merger of parent companies J.P. Morgan Chase & Co. and Bank One Corp.
completed today, customers of both banks can withdraw cash, transfer funds, and
check account balances at 6,530 ATMs in 19 states without a usage fee.
"Our customers get an immediate benefit from combining our companies into one
of the world's most powerful financial services firms," said Charles Scharf,
head of retail banking for Chase. "Banking has become more convenient."
The banks' branches will be combined under a common computer system and Chase
brand, on a state-by-state basis, starting in 2005. When that's complete,
customers will have full access to more than 2,300 branches in 17 states.
The machines, branded either Chase Bank or Bank One, are in the following
states:
Arizona, 361
California, 31
Colorado, 104
Connecticut, 52
Delaware, 2
Florida, 60
Illinois, 1,124
Indiana, 520
Kentucky, 218
Louisiana, 294
Michigan, 369
New Jersey, 88
New York, 1,336
Ohio, 811
Oklahoma, 53
Texas, 834
Utah, 27
Wisconsin, 150
West Virginia, 96
The biggest benefit will be in Texas, where each bank's customers get nearly
double the free network they had before. The combined ATM network includes:
-- 573 at more than 320 banking centers of both banks from El Paso to
Beaumont
-- 203 at Exxon and 12 at Conoco convenience stores and
-- 48 at Walgreens drug stores.
The Chase brand will serve more than 11 million retail banking customers,
850,000 small businesses and 31,000 commercial businesses. It also will have
87 million credit cards issued. J.P. Morgan Chase & Co. (NYSE:JPM) is a
leading global financial services firm with assets of $1.1 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 and wealth management, and private equity. A component of
the Dow Jones Industrial Average, J.P. Morgan Chase & Co. has its corporate
headquarters in New York and its U.S. retail financial services and commercial
banking headquarters in Chicago. Information about the firm is available on the
Internet at http://www.jpmorganchase.com/ .
http://www.newscom.com/cgi-bin/prnh/20040608/CGTU065LOGO
http://www.newscom.com/cgi-bin/prnh/20030116/NYTH053LOGO
http://photoarchive.ap.org/
DATASOURCE: Chase Bank
CONTACT: Chris Spencer of Bank One, +1-225-332-7349, or Greg Hassell of
Chase, +1-713-216-5009
Web site: http://www.jpmorganchase.com/
http://www.bankone.com/