Feb 18 (Reuters) - JPMorgan Chase plans to open more than 160 branches across more than 30 U.S. states in 2026, it said on Wednesday, as part of its multibillion‑dollar push to expand access to banking services.
The expansion will bring the lender into new markets, including low‑ to moderate‑income and rural communities, and deepen its presence in fast‑growing regions in the Northeast, Southeast, Heartland and Southwest.
The plan also includes the decision to renovate nearly 600 locations. Chase will
hire 1,100 new employees as part of the expansion, moving it closer to its goal of adding more than 10,500 consumer bank staff by the end of the year.
The broader move, announced in 2024, is one of its most aggressive branch expansions in recent years, with plans to add more than 500 new U.S. locations by 2027.
"Chase branches are more than just a place to transact; they are vital engines driving economic activity and supporting people, businesses, schools, hospitals, and nonprofits," said Tom Horne, Head of Consumer Branch Banking.
The bank said it has major expansion plans for North and South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee in 2026.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase, which last month reported fourth quarter profit above analysts' expectations, as its traders cashed in on volatile markets.
The Financial Times first reported the news earlier in the day.
(Reporting by Akanksha Khushi and Pritam Biswas in Bengaluru; Editing by Nivedita Bhattacharjee)
