JPMorgan Chase has announced plans to open 50 branches and hire 300 employees in the Philadelphia and Delaware Valley markets over the next five years.
The company currently has 11,000 employees in the region, including in its major credit card hub in Wilmington, Del. In addition to the new branches, JPMorgan Chase
plans to invest $3 billion for mortgage and small business lending in the region over the next five years, and will also provide eligible customers will receive up to $3,000 in homeownership grants that can be used to reduce the cash required for either closing costs or down payments.
“The Delaware Valley is an incredibly important market for us,” said Jamie Dimon, chairman and CEO. “We already have thousands of employees here that serve our customers every day. This will create even more well-paying jobs with healthcare and retirement plans for people in the area, and better serve our existing and new customers.”