JPMorgan Chase Bank closes 16 branches

3 days ago 8

Moriah Costa

Tue, April 7, 2026 astatine 9:07 AM CDT 3 min read

People are visiting their slope branches little often. Banks are taking note.

The past clip I acceptable ft successful a slope was respective years ago, and that was simply to unfastened an relationship astatine a caller slope due to the fact that I was struggling with their online application.

Like galore different Americans, I thin to slope from my phone. So it’s nary wonderment that with little ft traffic, banks are questioning if it adjacent makes consciousness to support truthful galore branches open.

And portion JPMorgan’s user marque Chase has said it volition unfastened branches successful 2026, it seems to beryllium doing the opposite.

In aboriginal February, Chase Bank said it planned to grow its fiscal services nationwide arsenic portion of a maturation strategy launched successful 2024.

That included plans to unfastened much than 160 branches successful 30 states and renovate 600 locations, JP Morgan Chase revealed.

The ample retail slope claims to person the largest subdivision web successful the U.S. but it’s rethinking its footprint arsenic much than conscionable a spot to deposit money. It has opened respective assemblage centers wherever customers tin get fiscal training.

64% of slope customers trust connected branches to resoluteness conflicts if they can’t beryllium addressed online, according to a 2025 banking user survey from Accenture.
The aforesaid survey recovered that 65% of customers spot branches arsenic symbols of stability.
Around 34% of survey respondents said they utilized a subdivision astatine slightest erstwhile a month.

More Chase Banks are planned successful North and South Carolina, Florida, Pennsylvania, Kansas, Massachusetts, and Tennessee successful 2026, the institution shared.

“Chase branches are much than conscionable a spot to transact; they are captious engines driving economical enactment and supporting people, businesses, schools, hospitals, and nonprofits,” Tom Horne, caput of user subdivision banking astatine JP Morgan Chase, said successful the statement.

Yet contempt the committedness of much branches, immoderate are being shuttered, based connected TheStreet's investigation of information from the Office of the Comptroller of the Currency.