JPMorgan Chase Opens First Retail Branch in North Carolina

The bank held a ribbon cutting ceremony earlier today at its first branch location at 133 W. Franklin Street in Chapel Hill. Chase plans to initially add up to 40 branches and 80 ATMs in the next three years – mainly in the Triangle and Charlotte areas – and hire up to 250 employees, giving local customers access to its banking services while creating local job opportunities for residents.

“We’ve been serving the Carolinas for more than a decade and opening branches allows us to lend to more consumers and small businesses, and offer good paying jobs,” said Thasunda Duckett, CEO of Chase Consumer Banking. “When we come to a market, we bring the full force of JPMorgan Chase and we’ll further invest in neighborhoods and programs that support jobs and skills training, housing and small business growth.”     

This expansion adds retail and business banking to markets where the firm already serves thousands of consumers and local businesses, including clients through its Commercial Bank, Private Bank and Investment Bank. The bank has been growing its Commercial Bank and Private Bank in North Carolina over the last decade with offices in Charlotte and Raleigh, N.C. – and recently opened a new Commercial Banking office in Greensboro. It currently has more than 200 employees working in the state.

Chase will also hire staff locally to support its new branches, including bankers, branch managers, business bankers and financial advisors.

In addition to expanding its branch network to the region, JPMorgan Chase will continue to work with local and community partners to help drive inclusive economic growth. Since 2018, the firm has invested more than $1.2 million in North Carolina nonprofit organizations to support jobs and skills training, small business growth, neighborhood revitalization and financial health.

In Charlotte, it has partnered with Central Piedmont Community College to help develop its global logistics and transportation programs over the last several years – and will help them create a brand new training program this year in electric vehicle technology. The new training program aims to enroll 90 students in its first year, with 50 percent of enrollees expected to be women or African-American.

In the Triangle region, the firm has invested more than $1 million in Raleigh-based Carolina Small Business Development Fund in the last three years to expand access to capital and training for women and veteran business owners and entrepreneurs of color.

To learn more about JPMorgan Chase’s expansion into the Carolinas and other markets, please visit chase.com/newlocations.