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JPMorgan Chase opens its first retail branch in Greater Boston.

BOSTON: JPMorgan Chase opened its first retail branch in Greater Boston along with new lending commitments and investments in local workforce development to prepare area Boston residents for in-demand jobs.

It announced in October that it planned to open 60 retail branches and 130 ATMs in Greater Boston and New England over the next five years and hire up to 350 employees, giving local customers access to its banking services while creating local job opportunities for residents. The firm plans to open 400 new branches and hire as many as 3,000 employees in new markets in the next five years.

It opened its first branch location at 865-875 Providence Highway in Dedham while offering a sneak peek of its new branch at 425 Washington Street at the corner of Washington and Winter Street in downtown Boston, opening in January, to local community partners. This expansion adds to the firm's current base of more than 800,000 consumers and over 60,000 business clients in Greater Boston. The bank has been doing business in the Boston region for over 20 years serving clients through its Investment Bank, Commercial Bank and Private Bank.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1U1MA
Date:Dec 14, 2018
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