JPMorgan Chase announced a plan on February 18, 2026, to open more than 160 new branches. The expansion will span over 30 states. This project represents a multibillion-dollar investment in the bank's physical network.
The initiative belongs to a broader strategy launched in 2024 to open over 500 branches within three years. The bank also intends to renovate 1,700 existing locations during this period.
New branches will focus on regions including the Carolinas, Florida, Pennsylvania, Kansas, and Massachusetts. The expansion will create more than 1,100 new jobs.
JPMorgan Chase aims to capture 15% of total U.S. retail deposits through this increased market presence. The bank maintains that brick-and-mortar locations remain essential for customer acquisition and deposit growth.