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Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns.
Chase branches in the contiguous U.S. in 2020. The company also operates in Hawaii (not shown on the map).. JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.
The acquisition gave Chase access to 339 additional branches in New York, New Jersey, and Connecticut. [64] In 2008, J.P. Morgan acquired the UK-based carbon offsetting company ClimateCare. [65] JPMorgan Chase was the biggest bank at the end of 2008 as an individual bank (exclusive of its subsidiaries) during the 2008 financial crisis. [66]
JPMorgan Chase announced a multi-billion dollar effort to grow its physical footprint on Tuesday.
JPMorgan Chase's Jamie Dimon promised bank branches in brand new cities, and regulatory filings show the company plans on expanding to Minneapolis, Nashville, Kansas City and Raleigh.
In markets where Chase already had a dominant presence, such as Greater New York and Chicago (owing to the presence of Chase and predecessor Bank One), Chase further disposed of such branches to other banks. In New York, for instance, the acquisition resulted in Chase branches located on the same block as WaMu branches. [226]