JPMorgan Chase will create 300 new jobs in the Delaware Valley in the next five years, the company announced Monday.
The new jobs will be at approximately 50 new branches to be created throughout South Jersey, Delaware and Philadelphia.
“The Delaware Valley is an incredibly important market for us,” said Jamie Dimon, chairman and CEO, in a prepared statement. “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.”
Additionally, the bank plans to invest $3 billion over the next five years for mortgage and small business lending in the region. Home loans will be available to low- and moderate-income communities; and women and minorities will have access to capital and technical assistance through JPMorgan’s Small Business Forward initiative.
A representative from JPMorgan Chase told NJBIZ the company intends to open 10 branches in New Jersey as part of the expansion. The first branch is expected to open in Camden in November.