Orlando Sentinel: JPMorgan Chase taps Mel Martinez to lead global charity

May 3rd, 2011

By Richard Burnett, Orlando Sentinel
4:55 p.m. EDT, May 3, 2011
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JPMorgan Chase & Co. has assigned its Florida chief Mel Martinez to head the banking giant’s global philanthropic organization, the bank said Tuesday.

Martinez, a former Orange County mayor and U.S. Senator who became chairman of Chase’s Florida market last year, was recently appointed chairman of the bank’s charitable foundation, the bank said.

The move comes less than a year after Chase hired the former head of the U.S. Department of Housing and Urban Development to be its market chairman for Florida, Mexico, Central America and the Caribbean.

Through its foundation, JPMorgan Chase said it donated more than $150 million to not-for-profits in 28 states and 25 countries last year.

Martinez succeeds Bill Daley, who left Chase to become President Barack Obama’s chief of staff.

JPMorgan Chase said it employs about 15,000 at 280 branches in Florida.

Chase is the state’s sixth largest bank, with deposits of more than $10.5 billion, according to regulatory data. It was also the sixth largest bank in Central Florida in 2010, with deposits of more than $1.73 billion at nearly 60 branches.