🔒Chase Bank eyes 5 new branches in CT

Chase Bank on Thursday announced that it's planning to open five more branches in Connecticut over the next two years in locations including Old Saybrook, Torrington and Cheshire. Chase has been rapidly growing its brick-and-mortar footprint in the state in recent years, while many large money-center lenders have reduced their branch counts. Over the past seven years, Chase said it has opened more branches than all of its large bank peers combined, and it’s on track to meet its goal of 500 new branches by 2027. Chase said it opened its first branch in Connecticut in 2019 in downtown Hartford, at 151 Asylum St., and now has 62 branches statewide. Between 2019 and 2024, the bank said it also committed nearly $7 million to philanthropic initiatives in the region. On Thursday, JPMorgan Chase & Co. marked the opening of its 1,000th new U.S. branch since launching an aggressive expansion plan in 2018. The 1,000th branch is located in Charlotte, North Carolina. “Every day, nearly one million customers visit our branches to manage their finances or get advice on how to save, spend and grow their money,” said Jennifer Roberts, CEO of Chase Consumer Banking. “We are very proud of the role we play to serve these customers while providing opportunities for long-term economic growth through construction, community investments and local hiring.” The new Connecticut branches will be located at:

• East Main St. and Torringford St., Torrington
• I-691 and Rt. 10, Cheshire
• Boston Post Road and Denmore Lane, Old Saybrook

Chase said it wasn't ready to disclose the location of two other new branches planned for Connecticut because they haven't received federal regulatory approval.