The new branches will be primarily located in cities such as
Chase says the multibillion dollar expansion will create 3,500 new jobs in these markets.
“When we open a branch, we’re not only investing in the financial health of residents, we’re committed to the health and vitality of the entire community,” said
With the widespread adoption of direct deposit for paychecks, digital banking services on smartphones and a lesser need for cash, most Americans now visit a branch a few times a year, usually to discuss significant changes in their lives or major financial plans, such as buying a home or planning for an expanded family.
This has made most newly designed branches as smaller, with more ATMs, more offices or break out spaces for bankers to sell financial products like mortgages or wealth management services.
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