JPMorgan Chase Completes Acquisition of The Bank of New York Units

JPMorgan Chase today announced the completion of its acquisition of The Bank of New York Company?s consumer, small-business and middle-market banking businesses.

The former Bank of New York customers ? as well as existing Chase customers ? now have access, without paying a fee, to 2,200 Tri-State area ATMs, which are branded Chase or Bank of New York. In spring of 2007, they will have access to an unparalleled Tri-State network of more than 750 Chase branches when the 339 Bank of New York branches are converted to the Chase platform and brand.

In addition, JPMorgan Chase exchanged select corporate trust businesses with The Bank of New York as part of the transaction. JPMorgan Chase will concentrate on expanding its operating services businesses, including global custody, fund accounting, securities lending, global securities clearance, cash management and trade finance.