JPMorgan Chase is preparing a major expansion of its U.S. retail footprint, with plans to open more than 160 new branches across over 30 states in 2026, according to a report by the Financial Times.
The branch rollout is part of a multibillion-dollar investment aimed at strengthening the bank’s physical presence nationwide. The expansion will target key growth markets, including North Carolina, South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee.
This move builds on a broader commitment made in 2024, when JPMorgan pledged to open more than 500 new branches within three years. The bank is expected to formally unveil further details of its expansion strategy later on Wednesday.
Jennifer Roberts, CEO of Chase Consumer Banking, told the Financial Times that expanding into new markets and increasing branch coverage is essential to capturing a larger share of customer deposits. The strategy reflects JPMorgan’s continued focus on combining digital banking growth with a strong physical branch network to drive long-term market share gains.
