JPMorgan Chase is set to roll out in excess of 160 new retail branches across more than 30 U.S. states during 2026, the bank confirmed in advance of a formal announcement expected later on Wednesday. The openings form a component of a multibillion-dollar program to expand the institution's physical branch footprint.
The planned locations will include markets across a range of regions, with specific focus identified in North Carolina, South Carolina, Florida, Pennsylvania, Kansas, Massachusetts and Tennessee. The push is part of a wider commitment the bank made in 2024 to establish more than 500 branches over a three-year period.
Bank executives frame the branch investment as integral to broader retail deposit strategy. "We know that building branches and getting into markets is a critical part of getting that deposit share," Jennifer Roberts, chief executive of Chase consumer banking, said.
The initiative represents a continuation of the bank's emphasis on physical distribution even as many financial institutions weigh the balance between digital channels and brick-and-mortar presence. JPMorgan Chase's 2026 openings are one phase of the multiyear extension of its network tied directly to the three-year pledge announced in 2024.
Management plans to proceed with a concentrated program of new locations across a diverse set of states, indicating a geographically broad effort rather than a narrow regional push. The bank is expected to provide additional details and formal confirmation of the expansion plans during its announcement later in the day.
Context and implications
The planned branch openings are funded through what the bank describes as a multibillion-dollar investment in its branch network. The program is explicitly connected to a prior commitment to open more than 500 branches within three years, and the stated objective is to increase deposit share by establishing presence in targeted markets.
Further updates are anticipated when the bank issues its formal statement on the expansion later on Wednesday.
"We know that building branches and getting into markets is a critical part of getting that deposit share," Jennifer Roberts, chief executive of Chase consumer banking, said.