JPMorganChase plans to more than triple the
number of branches in Alabama by 2030
JPMorganChase plans to triple the number of branches in Alabama
and hire an additional 170 bankers by 2030 as part of the firm’s
broader efforts to increase access to financial services across the
state.
The expansion will bring the total number of Chase branches in
Alabama to 35, putting more than half of the state’s population
within an accessible drive time to a Chase branch.
“Alabama is a vibrant state with a strong manufacturing economy,
good small business growth, and burgeoning aerospace and technology
sectors. Our mission is to support economic growth and foster
opportunity for all,” said Jennifer Roberts, CEO of Chase Consumer
Banking. “This is the right time and the right place for an
expansion of Chase branches and jobs in communities all across this
state- from Mobile to Montgomery and Muscle Shoals.”
Chase opened its first Alabama branch five years ago near Auburn
University. There are currently seven Chase branches in Greater
Birmingham and 11 statewide, including Auburn, Tuscaloosa and
Huntsville.
Chase Continues to Build New Branches Across the
Country
Chase is the only U.S. bank with branches in all 48 contiguous
U.S. states. In 2024, Chase built more than 150 new branches across
34 states, including the Madison Boulevard location near Huntsville
where Chase will officially cut the ribbon on February 8. The
Madison branch will be staffed with a team of bankers and
specialists who can help customers with banking, lending and wealth
management services.
“Since we opened the first branch in our state, Alabama has
greeted Chase with open arms. Together, we’ve helped people make
the most of their money to improve their financial lives and grow
their businesses,” said Jennifer DiSalvo, head of Chase branches in
Alabama. “Now that we’re tripling the size of our Alabama branch
network, we’ll be able to help more people, lift up more small
businesses and make a difference all across our beautiful
state.”
JPMorganChase serves as the bank of choice for 22,000
Alabama-based businesses, including small, midsize and large
corporate clients in critical industries like business services,
machinery and equipment manufacturing, consumer and retail,
healthcare and higher education institutions. The bank serves more
than 555,000 consumer customers. As part of its expansion, the bank
will continue to build partnerships with local organizations to
strengthen communities and support economic growth.
“Huntsville welcomes the firm’s expansion to serve more
industries, communities and residents,” said Huntsville Mayor Tommy
Battle. “This news will also help to create more job opportunities
for the hardworking people of Huntsville, strengthening our local
economy.”
“North Alabama continues to attract investment from the public
and private sector. The news about JPMorganChase’s expansion is the
latest example of the power of this economy,” said Representative
Dale Strong (R-Huntsville).
The firm hired Geno Gardner as the first dedicated community
manager for Birmingham, Alabama. Gardner is a retired U.S. Army
veteran with more than two decades of honorable service. Gardner is
a community leader and small business owner with strong ties to
Birmingham.
In his role as a dedicated Community Manager, he will serve as a
local ambassador to build relationships with community leaders and
non-profits. The firm also intends to hire a Small Business
Consultant to help entrepreneurs and small businesses grow and
scale. Together, these specialized employees will further the
firm’s commitment to understanding the opportunities for support,
growth and expansion.
Bolstering our Commitment to the Community
In addition to new business commitments, the firm will listen,
learn and work alongside community leaders, the public and private
sectors and local nonprofit organizations to advance economic
growth and opportunity, building on work the firm is doing across
the country to support workforce development and small business
growth. The firm will also apply insights gained from research like
JPMorganChase Institute’s latest report on how small businesses
outside metro areas fare in scaling to $1 million in annual
revenues, a key milestone of business growth and
sustainability.
JPMorganChase has long supported nonprofits across the state,
providing more than $1.3M in philanthropic commitments since 2021
to local nonprofits and national organizations that support
Alabama. Key organizations include the Alabama Small Business
Development Initiative, the Federation of Southern Cooperatives
Land Assistance Fund and the Lee County Literacy Coalition.
JPMorganChase in Alabama
JPMorganChase has supported economic opportunity and provided
banking and financial services to consumers and businesses across
Alabama since 1973. This includes:
- Supporting more than 160 medium and large clients in industries
including business services, machinery and equipment manufacturing,
and medical services companies
- Supporting vital institutions, including local governments;
higher education and healthcare institutions and over 20 of
Alabama’s local financial institutions
- Financing the development and rehabilitation of affordable
housing units
- Investing in local industry and job growth by financing the
construction of recycling, manufacturing and wholesale distribution
facilities
About JPMorganChase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United States of America (“U.S.”), with
operations worldwide. JPMorganChase had $4.0 trillion in assets and
$345 billion in stockholders’ equity as of December 31, 2024. The
Firm is a leader in investment banking, financial services for
consumers and small businesses, commercial banking, financial
transaction processing and asset management. Under the J.P. Morgan
and Chase brands, the Firm serves millions of customers in the
U.S., and many of the world’s most prominent corporate,
institutional and government clients globally. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Additional support for JPMorganChase’s expansion in
Alabama:
“At ¡HICA!, we believe that economic opportunity should be
within reach for every family we serve. JPMorganChase’s support
helps us to empower Latino and all communities to take part in
Alabama’s economic growth, unlocking pathways to entrepreneurship,
homeownership, and financial stability. Together, we are investing
in the future of our state—ensuring all families contribute to
Alabama’s prosperity,” said Carlos E. Alemán, Ph.D., CEO,
¡HICA!.
"When a bank with the influence and reputation of JPMorganChase
signals that it's sharpening its focus on Birmingham and Alabama,
it strengthens my optimism about how our organizations,
communities, and financial institutions can collaborate for
meaningful progress," said Bob Dickerson, Executive Director,
Birmingham Business Resource Center, an affiliate of the Alabama
Small Business Development Initiative.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250205960838/en/
Greg Hassell 713.419.9208 Greg.Hassell@chase.com
Grafico Azioni JP Morgan Chase (NYSE:JPM)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni JP Morgan Chase (NYSE:JPM)
Storico
Da Feb 2024 a Feb 2025
