BIRMINGHAM — With the ribbon-cutting of a branch bank in Madison set for Friday, JPMorganChase plans to triple the number of branches in Alabama and hire an additional 170 bankers by 2030 as part of its broader efforts to increase access to financial services across the 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,” said Jennifer Roberts, CEO of Chase Consumer Banking. “This is the right time and the right place for an expansion of Chase branches and jobs in communities all across this state — from Mobile to Montgomery and Muscle Shoals.”
The expansion will bring the total number of Chase branches in Alabama to 35, putting more than half of the state’s population within an accessible drive time to a Chase branch.
“North Alabama continues to attract investment from the public and private sector,” said U.S. Rep. Dale Strong. “The news about JPMorganChase’s expansion is the latest example of the power of this economy.”
Chase opened its first Alabama branch five years ago near Auburn University. There are three in North Alabama – two in Madison and one in Huntsville.
“Huntsville welcomes the firm’s expansion to serve more industries, communities and residents,” said Huntsville Mayor Tommy Battle. “This news will also help to create more job opportunities for the hardworking people of Huntsville, strengthening our local economy.”
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