Over the next few years, JPMorgan Chase is investing in New England with more than 60 new branches, 130 ATMs and hiring more than 350 people, including veterans. More than 80 of these employees will be in Rhode Island.
While Chase is new to the state, JPMorgan Chase is not. We’ve had a presence in the market since 2017, with the Commercial Bank, Private Bank and Real Estate. With the expansion of retail, our commercial and private banking practices are also growing.
Chase will open 12 branches and 20 ATMs in Rhode Island in the next five years.
The first Providence branch opened on August 1, 2019 at 234 Thayer Street.
New branches will include modern design elements and feature open, collaborative spaces with ample room for meetings and “Chase Chats,” a new series of small group sessions focused on financial health.
- Given the first branch’s close proximity to Brown University and Rhode Island School of Design (RISD), Employees will go on to local campus’ to hold financial health classes.
Over the next five years, the bank will invest $3 billion for home and small-business lending in the New England region. Home loans will include low- and moderate-income communities. Eligible customers may also receive up to $3,000 in homeownership grants.
Small businesses entrepreneurs will have access to dedicated bankers and products, including small-business loans, merchant services, cash management and credit card services. In addition, through our Small Business Forward initiative, the firm will provide women, minority- and veteran-owned small businesses increases to capital and technical assistance.
Entry Level employees will be paid no less than $16.50/hour and will receive the firm’s full benefits package, which is valued at an average of $12,000 annually per employee in this pay range. It includes health care coverage and retirement savings, as well.
- To help ease the burden of out-of-pocket medical expenses, the firm reduced medical plan deductibles by $750 per year for employees making less than $60,000.
To learn more about JPMorgan Chase, please visit us at https://www.jpmorganchase.com/. We look forward to meeting you!
Christopher Stevens, Executive Director | T: 401 519 3685 | firstname.lastname@example.org
Carolyn Evert, Media Contact | T: 617 223 9224 | Carolyn.Evert@chase.com