Chase Expands Retail Branches to All Lower 48 States
04 Agosto 2021 - 5:00PM
Business Wire
Bank becomes the first to have branches in
entire contiguous United States
More than halfway through plan to open 400 new
branches and hire 3,000 employees by the end of 2022
Chase today announced that it has officially opened bank
branches in all of the lower 48 states, marking an important
milestone in its expansion plans and as the first national bank to
have a retail presence in the contiguous United States. The bank
opened its first branch in Billings, Montana earlier this week
following openings in Arkansas, Iowa, Maine, Mississippi, New
Mexico, North and South Dakota, Wyoming and Vermont in July.
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The bank is more than halfway through its plans to open 400
branches in new markets by the end of 2022. Since announcing
expansion plans in 2018, Chase has opened more than 220 branches
and entered 25 new states and the District of Columbia.
Approximately 30 percent of these branches will be in
low-to-moderate income communities.
“This is an important milestone for us. We are proud to be able
to bring the power of our branches to more households, businesses
and communities across the country,” said Jennifer Roberts, CEO of
Chase Consumer Banking. “For us, it’s important that our branches
serve as community anchors connecting our neighbors and local
businesses to critical resources that meet their financial needs
and help them build a secure financial future.”
As part of its branch expansion, Chase expects to hire 3,000
employees in these new branches by the end of 2022, with more than
2,000 hired so far. More than 75 percent of hires are external to
the firm and local to their community.
“When we talk about entering new markets, we’re talking about
our own communities, our own neighborhoods. We’re hiring locally
and are bringing all the benefits our firm has to offer to drive
economic growth,” said Dan Deegan, Head of Market Expansion at
JPMorgan Chase. “We’re designing branches that allow us to
effectively serve our customers and that reflect the vibrancy and
diversity of each one of our communities.”
Additionally, the expansion will grant Chase Qualified Public
Depository status across the contiguous United States, allowing the
bank to serve vital community institutions including local
governments, municipalities and universities.
Chase’s branch expansion builds on its ongoing investment in its
retail network. Last October, the firm committed to opening 16 new
Community Center branches, designed with extra space for the
community to host financial health workshops, small businesses
pop-ups and technical training sessions. These branches are placed
in historically and culturally significant communities that lack
access to traditional banking – often urban areas with larger Black
and Latinx populations.
Chase plans to complete its 400 branch expansion effort by the
end of 2022. To check for updates or to learn more about Chase’s
branches, products and services, please visit Chase.com.
About Chase
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE: JPM), a leading global financial
services firm with assets of $3.7 trillion and operations
worldwide. Chase serves more than 60 million American households
with a broad range of financial services, including personal
banking, credit cards, mortgages, auto financing, investment
advice, small business loans and payment processing. Customers can
choose how and where they want to bank: More than 4,800 branches in
48 states and the District of Columbia, 16,000 ATMs, mobile, online
and by phone. For more information, go to chase.com.
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Chase media contact: Iba Reller Iba.reller@jpmorgan.com
202.524.0422
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