JPMorgan expands to the South Coast
New England Council member, JPMorgan Chase & Co has applied to open its first branch on the South Coast in New Bedford, Massachusetts. The bank submitted a notice to the Treasury Department, indicating its intention to establish a branch at Dartmouth Street and Rockland Avenue.
While awaiting approval from the Office of the Comptroller of the Currency (OCC), JPMorgan expressed its pride in expanding across Massachusetts and hopes to continue doing so. The bank plans to reach 90 branches in the state by the end of 2025, aiming to become one of the top banks in Massachusetts in terms of branch count. JPMorgan recently acquired First Republic Bank, solidifying its presence in the Boston market.
“We’re proud of our ongoing expansion in Massachusetts and we have branches from Hingham up to Lawrence and out to Springfield,” a spokesperson from JPMorgan said over email. “We hope to be in the New Bedford community soon. We’re still confirming our plans, and will share more details as soon as we can.”
The New England Council would like to congratulate JPMorgan Chase & Co for this expansion.
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