JPMorgan Chase has announced ambitious plans to establish more than 160 new bank branches throughout over 30 states nationwide during 2026, according to a Financial Times report released Wednesday. This expansion represents part of a multibillion-dollar investment the financial giant is making in physical banking locations.
The Financial Times reported that Chase is targeting what executives call a “major expansion” across multiple states, with plans focusing on North Carolina, South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee. The newspaper cited an exclusive interview with the bank’s consumer banking division leader.
This 2026 expansion builds upon Chase’s 2024 pledge to establish more than 500 new branches over a three-year period, according to the report.
The banking institution has successfully expanded its Chase consumer brand to every U.S. state except Alaska and Hawaii, working toward its objective of capturing 15% of America’s total retail deposit market.
“We know that building branches and getting into markets is a critical part of getting that deposit share,” Jennifer Roberts, chief executive of Chase consumer banking, explained to the Financial Times.
The bank was expected to formally announce these expansion details later Wednesday. JPMorgan representatives had not responded to requests for additional comment at the time of the initial report.
Last month, the financial institution reported fourth-quarter earnings that exceeded Wall Street predictions, benefiting from trading profits during periods of market volatility.
