JPMorgan to Open 100 Bank Branches in California in 2011

Over 1,500 new jobs are coming to California as the leading global financial services firm, JPMorgan Chase (JPM), announced a significant expansion plan in the area.

JPMorgan said today that it will continue its investment in the state of California by opening about 100 branches and adding more than 1,500 jobs to better serve customers in 2011.

The new branches will extend Chase’s network to more than 900 bank branches and more than 3,000 ATMs across California.

Chase said it will open:

  • About 65 branches in Southern California, including Los Angeles, Ventura, Riverside, San Bernardino, Orange and San Diego counties;
  • About 20 branches in Northern California, including San Francisco Bay Area and Sacramento Delta; and
  • About 15 branches in Central California, including Kern, Tulare, Fresno and Madera counties.

Shares of JP Morgan rose 25 cents, or 0.54 percent, to $46.35 in early trading.

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