JPMorgan Chase Expands New England Presence

Oct 02, 2018

JPMorgan Chase is continuing to expand its branch network by announcing plans to bring 60 new branches plus 130 new ATMs across New England.

According to a WBZ-TV report, Chase Consumer Banking CEO Thasunda Duckett announced the bank’s plans during a business conference in Boston. Duckett said the investment will bring more than 350 jobs to the region, and 10 to 20 percent of the new branches will be in low- to moderate-income communities. The first branch will open in Denham, Mass., in December, and a branch at Boston’s Downtown Crossing will open in January.

“For our community it’s a place where they can open an account, they can get advice, they can have experiences,” said Duckett. “It is about making sure that we are their ‘wing man’ in building their financial health journey.”

This announcement follows last week’s news from JPMorgan Chase that it would open 50 branches and hire 300 employees in the Philadelphia and Delaware Valley markets over the next five years. While last week’s news included a notice that 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, the New England announcement included a post-script that the lender will be extending $10 billion in credit to women-owned business over the next three years.

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Phil Hall

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Oct 02, 2018

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