“JPMorgan Chase is opening more small-town branches in middle America”
August 12, 2024
“Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns.
JPMorgan recently announced a new goal within its multibillion-dollar branch expansion plan that ensures coverage is within an “accessible drive time” for half the population in the lower 48 states. That requires new locations in areas that are less densely populated — a focus for Chairman and CEO Jamie Dimon as he embarks on his 14th annual bus tour Monday…”
https://www.cnbc.com/2024/08/05/jpmorgan-chase-opens-more-small-town-branches-in-middle-america.html
The title should be changed to JPMorgan plan to push out regional banks. That’s what this is. They’re planning to replace any local bank that fails during a financial collapse.
Regional banks are less prone to gamble with your money. Banks consolidating is not a good thing. In my opinion its better to use local banks. It’s more beneficial for the economy long term.