Make us your home page

JPMorgan boss Dimon sets his sights on the South

"We'd love to be in the South," JPMorgan Chase CEO Jamie Dimon told a shareholder Tuesday who asked if Chase would have more branches in places like Florida and Georgia. Speaking at the bank's annual shareholders meeting, Dimon said he wants to expand the company's consumer banking business in Washington, D.C., and the Southern United States. As reported by Reuters, Dimon declined to comment on takeover talk, though he reasserted his view that JPMorgan's pending merger with Bear Stearns for about $1.5-billion would not stop it from pursuing other deals. Recent takeover speculation has linked JPMorgan Chase with SunTrust Banks, an Atlanta-based banking company with a big stake in the Florida market. SunTrust has long resisted rumors of takeover, with potential buyers over the years including Wachovia and Bank of America. For those with long memories, Chase did operate consumer branches in parts of Florida in the 1990s but chose to leave the market. The banking company still operates a large back-office and international transaction processing center in Tampa.

JPMorgan boss Dimon sets his sights on the South 05/20/08 [Last modified: Tuesday, May 20, 2008 8:29pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Tampa is 15th-most popular city to move to with U-Haul


    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall


    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages


    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel


    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.