Priya PatelTLDR:
Chase Bank plans to open 11 more branches in the Baltimore area by 2027 as part of its national expansion. The bank will have 190 branches open across Maryland, Virginia, and Washington, D.C. after this expansion is complete. Chase Bank also plans to open branches in Boston, Charlotte, Minneapolis, and Philadelphia. The expansion is expected to contribute to local communities with investment, local hiring, and expanded banking opportunities.
Chase Bank, the retail banking arm of JPMorgan Chase Bank, is planning to open 11 more branches in the Baltimore area by 2027 as part of a broader national expansion of its retail network. At least one of the new branches will be in Baltimore City, with the rest opening in Anne Arundel, Baltimore, and Howard counties. This will bring the bank’s branch count in the Baltimore region to 37 over the next three years. The expansion is part of Chase’s plan to open more than 500 new branches, renovate approximately 1,700 locations, and hire 3,500 employees over the next three years. Chase Bank also has plans to expand in Boston, Charlotte, Minneapolis, and Philadelphia.
Chase Bank sees its expansion as contributing to the local communities and their economic growth. The bank believes that by opening branches, they are not only investing in the financial health of residents but also committed to the health and vitality of the entire community. Marianne Lake, Chase’s CEO of consumer and community banking, stated that “When we open a branch, we’re not only investing in the financial health of residents, we’re committed to the health and vitality of the entire community.”
