By the end of May, Chasing 18 new branches will open this month and 52 new branches this year.
The bank said on Thursday (May 14) that it will also renovate more than 160 branches since January. press release.
Each new Chase branch features full-service banking, expanded ATM access, relationship bankers and financial experts who can help families and small businesses meet everyday needs and long-term financial goals. The branches also complement Chase’s digital tools, according to the release.
“By expanding our physical footprint, we are ensuring that more customers can access the banking services and financial guidance they need – how, when and where they want.” Tom HornHead of Banking Branch at JPMorgan ChaseHe said in the statement.
The opening and renovation of new branches represents a continuation of multi-billion dollar investments in the company Branch network Announced by Chase in February 2024.
Chase said at the time that it planned to open more than 500 new branches, renovate 1,700 locations and hire 3,500 employees over a three-year period ending in 2027.
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The bank said that these locations will join more than 650 branches that it added during the previous five years, which means that when the current expansion is completed, it will add more than 1,150 branches between 2018 and 2027.
Chase said that with the new branches, it will enter new markets and expand its presence in its existing markets.
In February, Chase said it planned to open 160 new stores Branches Nearly 600 sites were renovated this year.
“Chase operates the largest branch network in the United States and is the only bank with branches in all of the lower 48 states,” the bank said in its press release on Thursday.
It was reported in April that the number Bank branch Closings are on the rise as banks cut costs as they deal with competition from non-banks and digital-only financial institutions. This report said that 15% of all branch locations in the United States closed between 2015 and 2024.
However, other banks are expanding their physical presence.
TRUE It announced in August that it was set to open 100 new ones Branches Another 300 were refurbished as part of efforts to develop relationships with wealthy clients.
Bank of America It said in May 2025 that it plans to open 150 new centres Branches By the end of 2027. The bank also said it has invested $5 billion in expanding and renovating its sites since 2016.
