JPMorgan Chase & Co. is defying the trend of bank branch closures by announcing plans to open 15 new branches in Texas, with five of them located in the Dallas-Fort Worth area. This move comes as part of a larger strategy that includes renovating 1,700 existing locations and hiring an additional 3,500 employees nationwide.
As the largest retail bank in the U.S., JPMorgan Chase (NYSE: JPM) has a strong presence in DFW with over $91 billion held in deposits at its 186 branches. The company also has a significant footprint through its large campus in Plano and office space spanning five floors at a downtown Dallas tower. With more than 17,000 employees already based here, this expansion will further solidify their position as one of DFW’s top employers.
This growth plan demonstrates JPMorgan Chase’s commitment to providing convenient banking options for customers while also investing back into local communities through job creation and renovation projects. As they continue to expand their reach across Texas and beyond, it is clear that JPMorgan Chase remains dedicated to serving both individuals and businesses alike.
