Chase to open 24 new branches in Alabama, hiring 170
JPMorganChase will triple the number of its bank branches in Alabama by 2030, opening 24 across the state, from Muscle Shoals to Mobile.
The banking giant also plans to hire an additional 170 bankers over the next five years.
The expansion will bring the total number of Chase branches in Alabama to 35. The company says that more than half of the state’s population will be within an accessible drive time to a Chase branch after the expansion.
With regulatory approval, branches are planned this year for Mountain Brook, Birmingham in midsummer and Winchester Road in Huntsville by late August.
Chase opened its first Alabama branch five years ago near Auburn University. There are currently seven Chase branches in the Birmingham metro area and 11 statewide, including Auburn, Tuscaloosa and Huntsville. The bank currently serves more than half-a-million Alabamians.
The 8498 Madison Blvd. location near Huntsville will open Saturday, with an open house, food trucks, branch tours and an appearance by Sprocket the Trash Panda mascot.
“Huntsville welcomes the firm’s expansion to serve more industries, communities and residents,” Huntsville Mayor Tommy Battle said in a statement. “This news will also help to create more job opportunities for the hardworking people of Huntsville, strengthening our local economy.”
Jennifer Roberts, CEO of Chase Consumer Banking, said this moment is “the right time and the right place for an expansion of Chase branches and jobs in communities all across this state.”
“Alabama is a vibrant state with a strong manufacturing economy, good small business growth, and burgeoning aerospace and technology sectors. Our mission is to support economic growth and foster opportunity for all,” Roberts said.