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JPMorgan Chase plans to open at least 500 new branches in the next three years

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JPMorgan Chase plans to open at least 500 new branches in the next three years

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It will reverse a decade-long industry trend where banks like JPMorgan and Bank of America have closed branches as fewer Americans need to cash a paycheck or pull money out of an ATM. The new branches will be primarily located in cities such as Boston, Charlotte, Washington, D.C. as well as Philadelphia and Minneapolis. These are markets that Chase has expanded into in recent years, and are cities that are noticeably dominated by other big banks.

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Bob Gorrell
Mon, Feb 19, 2024

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