JPMorgan Chase & Co.'s consumer and commercial banking business, Chase, plans to open up to 90 retail branches and hire up to 700 employees by year-end.
About 30% of the new branches will serve low-to-moderate income communities. Starting this summer, Chase will open the retail branches in nine of the top U.S. markets, including Charlotte, N.C.; Raleigh, N.C.; Greenville, S.C.; Kansas City, Kan.; Minneapolis; Nashville, Tenn.; Pittsburgh; Providence, R.I. and St. Louis. It also plans to add branches in new locations close to large universities.
In January 2018, JPMorgan said it plans to add 400 branches and hire 4,000 employees in the U.S. over the next five years. In an investor presentation in February, JPMorgan said it aims to expand its physical footprint to cover 93% of the U.S. population by the end of 2022.