JP Morgan Chase Expands With New Location in Vernon
March 17, 2023
JPMorgan Chase plans to continue its Greater Hartford expansion with a new branch in Vernon’s Tri City Plaza shopping center.
Chase Bank was one of the biggest deposit gainers in the state of Connecticut from 2021-2022, according to an article in the Hartford Business Journal, and has had an increase of 16% in deposits, adding $1.4 billion from June 2021 to June 2022. FDIC data shows that Chase is the 4th largest bank in Connecticut, owning 5.7% of all deposits.
Since 2019 Chase bank has added at least 10 branches in Connecticut including locations in Enfield, Berlin, Wethersfield, and Farmington to name a few, and has plans to open 5 more in the next couple of years.