"We’re proud JPMorgan Chase is not only expanding its business into the Philadelphia region, but also investing in long-term economic solutions for the Kensington neighborhood," said Mayor Jim Kenney. "Together, we’re creating new jobs and opportunities to put more residents on a pathway to prosperity, revitalize neighborhoods and strengthen our local economy."
But this isn’t just philanthropy, regional expansion is also providing employment opportunities. Over the next five years, as the company opens 50 new branches, it will hire up to 300 employees in the Delaware Valley, which includes Philadelphia, Delaware and South Jersey.
"To us, this expansion is so much more than building a branch. This is about new relationships with customers, communities and employees," said Chase Consumer Banking CEO Thasunda Duckett. "Chase is already deeply invested in the Delaware Valley, and with new branches we’ll be able to bring new jobs and expanded access to our products, digital tools and financial advice."