JPMorgan Chase opening first Hampton Roads branches later this year – The Virginian-Pilot

Written by Amanda

JPMorgan Chase opening first Hampton Roads branches later this year  The Virginian-Pilot

The largest bank in America is coming to Hampton Roads consumers.

JPMorgan Chase, the biggest bank in the country by asset share, said it plans to eventually open 10 branches throughout the region. The bank will start by opening its first branch in downtown Norfolk in November. Chase plans to have two Norfolk branches and two Williamsburg branches open by the end of 2022.


Tom Ing, Chase’s central Virginia market director, said lots of Hampton Roads customers commute to the Richmond branches to access the bank’s services.

“What it really boils down to is meeting customers where they are,” Ing said.


Chase has maintained a commercial banking office in downtown Norfolk for several years, said Erik Drucker, the company’s mid-Atlantic interim regional director.

The expansion is part of a larger effort by Chase to bring more than 140 new branches to its mid-Atlantic region, which stretches as far west as Richmond and as far north as Baltimore. Chase plans to open 30% of the new branches in low- to moderate-income communities, and is also planning $75 million in philanthropic and flexible low-cost loans to help close the racial wealth gap.

Ing said Chase continues to excel at banking technology and training. He said anyone can come in and access a financial health checkup or get face-to-face help with some of the biggest financial decisions of their lives.

JPMorgan Chase boasts more than $2.6 trillion in domestic assets, according to the Federal Reserve. In Virginia, it has less than 1% of the market share by deposits, with about $711 million in deposits, according to the Federal Deposit Insurance Corp.

The first Norfolk branch locations will be at 150 Granby St. downtown and 777 W. 21st St. in Ghent.

Trevor Metcalfe, 757-222-5345, trevor.metcalfe@pilotonline.com

Source: pilotonline.com

About the author


Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

Leave a Comment