Report: Chase will open bank branch in Wilmington

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JPMorgan Chase plans to open a branch office in downtown Wilmington.

The Philadelphia Inquirer, citing regulatory filings reported the office would open at Second and Market streets near the company’s Christiana Gateway operations.

A JPMorgan Chase spokesman did not immediately respond to a request for comment.

The company has no bank branches in Delaware, according to its website, but does operate automatic teller machines.

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JPMorgan Chase is believed to be Delaware’s largest for-profit employer, with only nonprofit Christiana Care Health System having a larger headcount among private employers. Total employment at JPMorgan Chase is believed to total more than 8,000 in Delaware.

The financial services company has job sites throughout northern Delaware, including a technology hub in north Wilmington and a credit card headquarters in Christiana Gateway.

JPMorgan Chase CEO Jamie Dimon has stated that he sees opportunities in all of the company’s lines of businesses and plans to grow branches and other services that have been subject to cost-cutting by other banks

Among its megabank rivals,Bank of America has slowly added branches in Delaware while closing offices elsewhere. Wells Fargo has maintained its branch presence in the state.

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