JPMorgan Chase & Co (NYSE:JPM) has announced that it will o pen 13 new full service bank branches in Stater Bros. Supermarkets in San Bernardino, Riverside, and San Diego Counties by mid year. The company opened five new locations on March 8,l 2010. The openings bring the Bank’s number of branches in California to 730.
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All new Stater Bros. branches will include an ATM. The branches will be open from 9:00 am to 7:00 pm Monday through Friday, and 9:00 am to 4:00 pm Saturday. They will offer a variety of full range banking services including checking accounts to mortgages and investment and mortgage services. The opening of the branches will also result in the hiring of 100 employees for the provision of personal banking, lending and financial advising services to its customers.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Firm’s credit card–issuing bank. JPMorgan Chase’s principal nonbank subsidiary is J.P. Morgan Securities Inc. (JPMorgan Securities), its United States investment banking firm. Its activities are organized into six business segments: Investment Bank, Retail Financial Services (RFS), Card Services (CS), Commercial Banking (CB), Treasury & Securities Services (TSS) and Asset Management (AM). Its wholesale businesses comprise the Investment Bank, Commercial Banking, Treasury & Securities Services and Asset Management segments. Its consumer businesses comprise the Retail Financial Services and Card Services segments.
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