Chase Auto Finance Corp. will open a full-spectrum
Seattle business center this month to expand its services and better
help area car dealers offer auto buyers more finance options. The new center, at 1301 Fifth Street, Suite 3300, will provide
dealers with a full and broader range of auto finance options for
consumers looking to buy or lease new or used cars as well as
commercial loans to dealerships. The investment in this new center is
another example of Chase's long-standing commitment to the
Seattle-area auto industry -- a relationship established over 20 years
ago -- and to the individual needs of consumers. "Car buyers span the credit spectrum, so Chase makes it even more
convenient for retail and commercial dealers to meet their customers'
diverse needs," said Joe Scimone, president of Prime Auto for Chase. The office will be staffed by a team with more than 75 years of
combined auto industry experience. Jim Unteed will head the Prime
credit team, and Andy Mulligan will manage the Sub-Prime group. Micki
Robbins, Dealer Commercial Services Division Manager, provides
commercial banking services to dealers in the region. "By bringing together and expanding our teams in this region, we
can more fully support dealers and thus their customers by providing
them with more options and the quality service they have come to
expect from Chase over the years," said Bill Jensen, National Custom
Finance Executive for Chase. Chase Auto Finance's retail and commercial sales teams provide a
full spectrum of services to dealerships throughout the Northwest
through its Prime Business Centers in San Diego and Phoenix, Sub-Prime
Business Centers in Spokane, Wash., and five California locations: San
Diego, Los Angeles, Riverside, Sacramento and Irvine as well as
sub-prime representation in the Portland market. Chase Auto Finance operates 47 offices and satellite locations and
purchases retail installment contracts and originates loans across the
continental United States, Hawaii and Alaska. Its Dealer Commercial
Services division is the largest non-captive floorplan and commercial
loan provider for auto dealerships across the nation, servicing the
states of Washington, Idaho and Oregon in the Northwest region. It
also partners with corporate parent JPMorgan Chase Bank, N.A. to
provide treasury services, real estate lending and other banking
services to dealers. Chase Auto Finance Corp. together with JPMorgan Chase Bank, N.A.,
is one of the largest bank providers of auto financing in the country. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of $1.2 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. 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. |