JPMorgan Chase plans to open more than 160 new branches across over 30 U.S. states in 2026. This expansion is part of a multi-billion dollar investment in the bank's physical network.
The rollout focuses on states including North Carolina, South Carolina, Florida, Pennsylvania, and Massachusetts. This initiative supports a 2024 commitment to open more than 500 new branches within three years.
The strategic push aims to increase the bank's share of nationwide retail deposits to a 15% target. Jennifer Roberts, CEO of Chase consumer banking, stated that physical branches are critical to achieving this deposit share goal.
The bank expects to issue a formal announcement regarding the expansion plans later today.