"JPMorganChase said Wednesday it plans to open more than 160 new bank branches in over three dozen states-and renovate nearly 600 more-as part of a nationwide, multibillion-dollar push for more affordable financial services. Those branches will include locations in rural and low-to-moderate income (LMI) communities in the Northeast, the Southeast, America's "Heartland" or the Midwest, and the Southwest-including in North and South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee this year."
"Along with opening the branches, Chase plans to invest in local businesses, affordable housing, and job training, to help fuel economic growth and build stronger communities. "Every Chase branch is a reflection of its neighborhood," Jennifer Roberts, CEO of Chase consumer banking said in the release. "Each branch represents our promise to stand alongside our customers as partners, helping them navigate and achieve their financial goals.""
JPMorgan Chase plans to open more than 160 new branches across over three dozen states and renovate nearly 600 additional locations as part of a multibillion-dollar effort to expand affordable financial services. The expansion targets rural and low-to-moderate-income communities across the Northeast, Southeast, Midwest, and Southwest, including specific metro areas such as Greater Philadelphia, Greater Boston, Tampa Bay, Minneapolis–Saint Paul, Raleigh–Cary/The Triangle, and Charlotte. Chase will invest in local businesses, affordable housing, and job training to support economic growth and strengthen communities. The 2024 strategy aims to open over 500 branches, renovate 1,700 sites, and hire 3,500 employees over three years. The affordability crisis has produced a 29% cumulative price increase since 2019, affecting middle- and lower-income earners most.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]