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Three years ago, JPMorgan 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. JPMorgan recently announced a new goal within its multibillion-dollar branch expansion plan that ensures coverage is within an “accessible drive time” for half the population in the lower 48 states. That requires new locations in areas that are less densely populated — a focus for Chairman and CEO Jamie Dimon as he embarks on his 14th annual bus tour Monday. Dimon’s first stop is in Iowa, where the bank plans to open 25 more branches by 2030.
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Ray Lyons
Real Estate Agent at Your Home Sold Guaranteed Realty
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Hello. Chase is expanding into Massachusetts and I would like to know who I could reach out to, to suggest a location for a new branch. I own a piece of commercial property that is well suited.
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Doug Krinsky
Executive Director, Commercial Banker, State and Local Government (DC, MD, and PA)
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Quote: “ according to S&P Global Market Intelligence data. Wells Fargo and Bank of America closed the highest net number of branches, while JPMorgan was the most active net opener. “
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Quantum Finserv
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JPMorgan Chase's expansion into smaller towns could reshape local banking landscapes. Will this move spark increased competition and innovation among community banks? It's a pivotal moment for small-town financial services.
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Craig Kantor
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Jeff Sundheimer Lori Cadden
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