JPMorgan Chase plans to open 100 branches in low-income areas and hire 75 community managers over five years.

JPMorgan Chase is set to open nearly 100 branches in low-income urban and rural areas, addressing the decline of physical bank locations. The initiative aims to support small businesses and offer financial literacy workshops over five years. CEO Jamie Dimon calls the model successful. Additionally, JPMorgan will hire 75 community managers to collaborate with local organizations, part of a broader plan to open 500 new branches and renovate 1,700 existing ones.

October 02, 2024
4 Articles