As JPMorgan Chase & Co. embarks on a plan to open hundreds of branches over the next three years, North Texas will be included in that effort.
“Some of our local branch growth will match the strong development north of the city, as we add locations in Melissa and near Celina, both in Collin County,” company spokesperson Liz Molina told the Dallas Business Journal.
Headquartered in New York City, JP Morgan Chase already operates dozens of branches in Dallas. It announced this month that it will open more than 500 locations across the U.S., renovate about 1,700 others, and hire 300 workers. The banking giant will also expand in several metropolitan areas, including Charlotte, Boston, Washington, D.C., Philadelphia, and Minneapolis.
“When we open a branch, we’re not only investing in the financial health of residents, we’re committed to the health and vitality of the entire community,” said Marianne Lake, CEO of consumer and community banking, in the announcement.
“We work with government and community leaders to help drive sustainable impact. We provide local expertise and support through our branches; we lend to local businesses of all sizes, create jobs and long-term careers, and finance vital amenities that are the cornerstone of healthy neighborhoods such as hospitals, schools, transportation, and grocery stores,” she added.
JPMorgan Chase operates in more than 100 markets around the world and holds $2.6 trillion in client assets. Over the last five years, the company has opened more than 650 branches.
“Every day approximately 900,000 people walk into a Chase branch to cash a check, make a deposit or speak to one of our experts about an important financial decision that could impact their lives,” said Jennifer Roberts, CEO of consumer banking, in the expansion announcement. “This investment means we can continue to have branch locations that reflect the unique needs of the communities we aspire to serve today, tomorrow, and for many years to come.”
The Dallas Business Journal reported that as of June 2023, JPMorgan Chase held $91 billion, making it the second-largest bank in the region by deposits.
