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Chase Opened Branch in Washington DC

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Chase Opened Branch in Washington DC

Even though I closed my 2 Chase accounts, I thought this was good news for those who live in my area and love Chase.

https://www.google.com/amp/s/wtop.com/business-finance/2018/11/jpmorgan-chase-opens-first-dc-branch-...
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Frequent Contributor

Re: Chase Opened Branch in Washington DC

Wow! This is news to me.
I couldnt event imagine that the largest bank in the US by assets did not have a single branch in all of DC.

Source; https://www.federalreserve.gov/releases/lbr/current/
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Valued Contributor

Re: Chase Opened Branch in Washington DC


@piroskavalentino wrote:
Wow! This is news to me.
I couldnt event imagine that the largest bank in the US by assets did not have a single branch in all of DC.

Source; https://www.federalreserve.gov/releases/lbr/current/

Also, until this month I believe, they had 0 branches in all of PA. Now they're opening pretty intensely in Philadelphia and Pittsburgh.

 

OP's article also noted that Chase has exactly one branch in VA as well (which is now open). Looks like the strong economy is really giving them incentive to go through the state regulations for their banking licenses. It's interesting that these days they're doing this from scratch instead of buying a community bank that already has their ducks in a row.


TU FICO 8: 741 (7/19) — Ex FICO 8: 739 (7/19) — Opinions are my own and not the views of my employer
Message 3 of 5
Contributor

Re: Chase Opened Branch in Washington DC


@GrasshopperStudent wrote:

@piroskavalentino wrote:
Wow! This is news to me.
I couldnt event imagine that the largest bank in the US by assets did not have a single branch in all of DC.

Source; https://www.federalreserve.gov/releases/lbr/current/

Also, until this month I believe, they had 0 branches in all of PA. Now they're opening pretty intensely in Philadelphia and Pittsburgh.

 

OP's article also noted that Chase has exactly one branch in VA as well (which is now open). Looks like the strong economy is really giving them incentive to go through the state regulations for their banking licenses. It's interesting that these days they're doing this from scratch instead of buying a community bank that already has their ducks in a row.


I read an article in the WSJ a while back that the Fed was quitely restricting their growth but that limit has been lifted so you'll see them continuing to expand into new markets that they've been eyeing for a long time now 

Message 4 of 5
Valued Contributor

Re: Chase Opened Branch in Washington DC


@Lurker22 wrote:

@GrasshopperStudent wrote:

@piroskavalentino wrote:
Wow! This is news to me.
I couldnt event imagine that the largest bank in the US by assets did not have a single branch in all of DC.

Source; https://www.federalreserve.gov/releases/lbr/current/

Also, until this month I believe, they had 0 branches in all of PA. Now they're opening pretty intensely in Philadelphia and Pittsburgh.

 

OP's article also noted that Chase has exactly one branch in VA as well (which is now open). Looks like the strong economy is really giving them incentive to go through the state regulations for their banking licenses. It's interesting that these days they're doing this from scratch instead of buying a community bank that already has their ducks in a row.


I read an article in the WSJ a while back that the Fed was quitely restricting their growth but that limit has been lifted so you'll see them continuing to expand into new markets that they've been eyeing for a long time now 


I thought that was only on Wells Fargo. Hmm, the more you know! Smiley Happy


TU FICO 8: 741 (7/19) — Ex FICO 8: 739 (7/19) — Opinions are my own and not the views of my employer
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