NEW YORK—JP Morgan Chase announced it is expanding its retail footprint into nine of the top U.S. markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston.
Chase plans to open 90 new branches and hire 700 employees by the end of 2018, reported Pymnts.com.
Over the next five years, the bank plans to open 400 new locations, which will need about 3,000 employees.
The bank said about 30% of the branches will be in low or moderately low income communities. Chase said it will also open branches in locations close to major universities in Auburn, Alabama and Lincoln, Nebraska, Pymnts.com noted.