Villanova Office Is Part of JPMorgan Chase Expansion Effort

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JPMorgan Chase is expecting good things from its office at 795 E. Lancaster Ave. in Villanova, according to a press release.

The branch location was chosen because of its prime location on the Main Line and the fact it’s convenient to the Villanova campus community, officials said.

Last September, JPMorgan Chase announced an expansion of its branch network to Philadelphia and the Delaware Valley. Several new commitments are also being made to support economic growth and workforce development in the region.

The expansion is part of the firm’s recent $20 billion, five-year investment in its business and local economic growth.

Over the next five years, JPMorgan Chase intends to open about 50 new branches and hire 300 new employees in the Delaware Valley region, giving local customers access to its banking services while creating local job opportunities for residents.

Currently, the firm has nearly 5,100 branches in 23 states and plans to open 400 new branches and hire as many as 3,000 employees in new markets in the next five years.

Chase has been doing business in the region for almost 20 years and is one of the largest corporate employers.

“The Delaware Valley is an incredibly important market for us,” said Jamie Dimon, chairman and CEO, in a press release “We already have thousands of employees here that serve our customers every day. This will create even more well-paying jobs with health care and retirement plans for people in the area and better serve our existing and new customers.”

Read more about Chase’s plans here.

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