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JPMorgan to open 1st branches in Nashville, North Carolina's Triangle region

JPMorgan Chase & Co. has filed applications with the Office of the Comptroller of the Currency to open its first stand-alone branch in Nashville, Tenn., and its first locations in North Carolina's Triangle region, The Business Journal reported.

According to documents filed with the OCC, the Nashville branch is slated to be in the southeast corner of the intersection of Gallatin Pike and Greenwood Ave., in East Nashville, Tenn., Nashville Business Journal reported. The company also proposed to have staffed branches in Midtown East in Raleigh, N.C., and in Chapel Hill, N.C.'s Carolina Square, according to the Triangle Business Journal.

JPMorgan executives have said the company is looking to build up to 400 new branches in several new markets over the next five years, according to the reports.

The OCC has not yet approved the company's proposal for its Nashville branch, while the public comment period for its proposed branches in Raleigh and Chapel Hill ends on Oct. 16 and Oct. 19, respectively, the reports added.