Phyllis Campbell Announced Pacific Northwest Chairman For JPMorgan Chase

Experienced banker and civic leader Phyllis Campbell will become its Chairman of the Pacific Northwest at JPMorgan Chase & Co., April 1. The lifelong resident of the region has been President and CEO of The Seattle Foundation for the past

By None

Experienced banker and civic leader Phyllis Campbell will become its Chairman of the Pacific Northwest at JPMorgan Chase & Co., April 1. The lifelong resident of the region has been President and CEO of The Seattle Foundation for the past six years.

She will be on JPMorgan Chase’s Executive Committee and will be the firm’s senior executive in Washington, Oregon and Idaho across businesses, representing the firm at the most senior levels to clients. She will build on three decades in banking, including eight years as President and Chief Executive Officer of U.S. Bank of Washington and two years as chairman of its community board.

“We could not have found a better person than Phyllis to lead our expansion of financial services in this important region,” says Jamie Dimon, chairman and CEO of JPMorgan Chase. “Phyllis’s hard work, integrity and success in banking and philanthropy define true leadership in the community.”

Campbell will step down March 31 from The Seattle Foundation, the largest community foundation in the state and among the top 20 in the country. During her tenure, the Foundation’s total charitable assets more than doubled and it has sharpened its focus on education and economic opportunity.

“We will miss Phyllis, but are very supportive of this important new opportunity,” says Bill Lewis, chair of the board of trustees of The Seattle Foundation. “The foundation’s healthy and responsible growth has been largely a result of her strong and effective leadership. We know Phyllis will continue to play an important role in the philanthropic community in concert with The Seattle Foundation.”

Throughout her career, Campbell has been actively involved in civic and charitable causes, including currently chairing the Board of Trustees of Seattle University. She also serves as a director on the boards of Nordstrom and Alaska Air Group.

“I am excited to join a world-class firm and to help build on the community legacy forged by Washington Mutual,” says Campbell. “Returning to my banking roots and staying in the community I love is a wonderful combination for me.”

Campbell earned a bachelor’s degree at Washington State University and an M.B.A. at the University of Washington. During her banking career, she had responsibilities for private banking, commercial banking and retail banking – all areas that JPMorgan Chase plans to expand in the region.

JPMorgan Chase acquired Washington Mutual’s banking operations in September, 2008, honoring all customer deposits, including uninsured deposits. The bank plans to refurbish and convert all 316 WaMu bank branches in Washington, Oregon and Idaho to the Chase brand by June, setting the stage for customer access to 5,000 branches around the country by the end of the year. It also will expand commercial and business banking to large and small companies under the Chase brand and help many more families manage wealth through J.P. Morgan’s private banking businesses.

Washington Mutual’s predecessor – The Washington National Building Loan and Investment Association – incorporated in September of 1889, creating the financing to help Seattle residents rebuild after the fire. In the last few months, JPMorgan Chase announced two key community investments:

A commitment to $2.65 million in grants to Washington non-profits in 2009 — matching WaMu’s local corporate giving in 2008.

A $10 million grant to the Seattle Art Museum, capping a tradition of support begun by Washington Mutual in 1999. The grant will be paid over the next five years.

D.C.

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