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JPMorgan Chase Bank to Become New Apple Card Issuer and Acquire Apple Card Portfolio

01.08.26

Simpson Thacher is representing JPMorgan Chase Bank, N.A. in connection with its agreement to become the new issuer of the Apple Card. Simpson Thacher is also representing JPMorgan Chase Bank, N.A. in its related pending acquisition of the Apple Card portfolio, which is estimated to bring over $20 billion of card balances to the Chase platform. Completion of the proposed transaction is subject to required regulatory approvals.

The Simpson Thacher team includes Lee Meyerson, Matt Nemeroff, Matthew Rogers, Lisa Morales, Brian Christiansen, Makala Kaupalolo, Collin Janus, Felicity Bell, Carina Brown, Joseph Pucciarelli, Natasha Kandi, Jerry Du, Wells Hamilton, Emily Linares, Scott Turtur, Molly (Yun-Wen) Tsang and Caitlin Cheeseboro (Financial Institutions/M&A); Lori Lesser, Kate Mirino, Chandler Gerard-Reimer and Christina Breitbeil (Intellectual Property); Peter Guryan and Richard Jamgochian (Antitrust); Jonathan Goldstein, Elizabeth Trask and Roberto Arza (Tax); Alexander Franchilli (Privacy/Cybersecurity); Larry Moss, Ryan Stott and Jesslyn Nunez (Executive Compensation and Employee Benefits); and Krista McManus (Real Estate).

Team and Contacts