JPMorgan Chase, the largest U.S. bank, plans to strengthen its competitive edge in relationship banking by expanding its physical presence. As of March 31, 2025, it operated 4,975 branches across all 48 contiguous states. In May, the bank announced the addition of 14 new Financial Centers, acquired primarily from First Republic Bank, bringing the total to 16 with plans to double that number by 2026.
In 2024, JPMorgan opened over 150 new branches and aims to add 500 more by 2027. This strategy reflects a hybrid approach, combining in-person services with digital engagement through 14 remote offices. Additionally, JPMorgan’s share price has increased by 10.3% this year, while competitors Bank of America and PNC Financial expanded their branch networks significantly, indicative of a trend among major banks to prioritize physical locations even amidst a digital shift.
