JPMorgan Chase Opens First Retail Bra...

JPMorgan Chase Opens First Retail Branch in Greater Washington,...

Earlier this year, the firm announced it would open 70 new branches, hire 700 new employees, commit $4 billion to regional home and small business lending and $500 million to affordable rental housing and $25 million in philanthropy to drive inclusive regional economic growth. Opening the first retail branch in Greater Washington at McPherson Square in Washington, D.C., offering a sneak peak of the new Anacostia location to community partners, and said it will open a total of six new branches by the end of the year,Making a $1.6 million philanthropic investment to support underserved areas in the region,Hiring 80 new employees by the end of the year, andIncreasing local wages to no less than $18/hour, up from $16.50/hour.

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