JP Morgan Chase plans to bring hundreds of jobs to area, opening several local bank branches

EMBED </>More Videos

The country's biggest bank, JP Morgan Chase, plans to move into the Philadelphia area, as reported during Action News at 11 on September 24, 2108.

The country's biggest bank, JP Morgan Chase, plans to move into the Philadelphia area, bringing 300 jobs over the next 5 years.

Chase Bank will go from zero branches in the Delaware Valley to opening 50 sites.

The bank says its hundreds of jobs will pay at least $16.50 an hour plus benefits.

It also plans to invest $3 billion in small business lending and home loans for low-income neighborhoods, as well as spend $5 million on revitalizing the Kensington Avenue commercial corridor.

The first four branches to open before the end of the year will be in Camden, Wilmington, Villanova and Center City.

------
Send a News Tip to Action News
Learn More About 6abc Apps
Related Topics:
businessphilly newsbankjpmorganjobsemployment
(Copyright ©2018 WPVI-TV. All Rights Reserved.)