JPMorgan Chase to Add 35 Branches in Florida in Next Three Years
Bank has doubled its branch footprint since entering Florida 10 years ago; will create 200 more jobs
Ten years after entering Florida, JPMorgan Chase announced today that it plans to add up to 35 new branches over the next three years, creating up to 200 jobs in the state.
The bank entered Florida by buying Washington Mutual in 2008 and has doubled its branch footprint since. It has also expanded into new markets, including Jacksonville, Gainesville and Ocala – and plans to open its first branch in Tallahassee by the end of the year.
Chase now serves Florida customers through more than 400 branches and 1,600 ATMs.
“We are continuing to fill in gaps across the state so we can provide even more convenience for our customers,” said George Acevedo, South Divisional Director for Chase Consumer Banking and Wealth Management.”
The new branches will offer a full range of services for consumers and businesses and feature the latest innovative technology to make banking even more convenient. The bank plans to hire locally and staff its branches with personal bankers, financial advisors, mortgage and business banking specialists.
10 years since Washington Mutual
JPMorgan Chase has added more than 400 employees in building its Private Bank, Commercial Banking, Investment Banking and Business Banking teams in the last 10 years.
This year alone, the J.P. Morgan Private Bank has hired more than 30 new advisors to provide wealth and investment management advice, mortgage and lending services, and trust and estate planning to successful individuals, family offices, foundations and endowments.
The bank built a local Commercial Banking presence from scratch since buying WaMu. Today, more than 150 employees serve companies with more than $20 million through its Middle Market Banking and Corporate Client Banking teams.
“Florida continues to be one the our fastest growing regions across the firm,” said Mel Martinez, Chairman of the Southeast U.S. and Latin America for JPMorgan Chase. I’m so proud of what we’ve built here and the tremendous impact we’ve had on local communities across the state.”
JPMorgan Chase employs nearly 14,000 people in Florida across all of its lines of business and serves more than 7.3 million consumers and 480,000 businesses locally.
Michael F. Fusco, Michael.F.Fusco@jpmchase.com