Chase to Add 500 New Branches and Renovate 1,700 Others
Chase announced this week that it will open more than 500 new branches and renovate approximately 1,700 locations over the next three years in order to reach more customers and communities across the country.
Chase will enter several new markets, including low-to-moderate income and rural communities with little access to traditional banking services. It will also continue expanding its footprint in locations like Boston, MA, Charlotte, NC, the Greater Washington region, Minneapolis, MN, and Philadelphia, PA. They will also open three more this year including in the Bronx and Brooklyn, NY.
Chase has the largest branch network in the United States and is the only bank to have branches in all lower 48 states. Over the past five years, Chase has added more than 650 branches, including 400 locations in 25 new states. When this expansion is completed Chase will have added more than 1,100 branches since 2018.
Having a Chase branch nearby is often beneficial. You get access to certain deposit account bonuses, or improved credit card offers that are only available in branches.
Chase is also expanding its affluent offering with the introduction of more than 20 J.P. Morgan branches across the country. The first two locations – Columbus Circle in NY and Pine Street in San Francisco – are already under construction and the remainder will be completed by the end of 2024. Most of these locations were previously First Republic offices that will be converted into an entirely new experience, leveraging First Republic’s existing branch format – open meeting space and large living rooms, private meeting spaces and board rooms, and a signature library.