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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