Regulators OK New JP Morgan Branches

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Regulators OK New JP Morgan Branches
source: admin 2007-3-9 21:41:39

WASHINGTON (AP) -- JPMorgan Chase & Co. won federal approval to open four bank branches, the Treasury Department's Office of the Comptroller of the Currency said.

The OCC said in a weekly bulletin of regulatory activity, released Thursday, that JP Morgan's requests were approved Feb. 28 and March 1. The new branches will be in Firestone, Colo.; New York City; Portage, Mich.; and Round Rock, Texas.

Shares of JPMorgan rose 41 cents to $48.77 in afternoon trading on the New York Stock Exchange.