The expansion will bring Chase’s Alabama branch count to 35. Credit: JHVEPhoto/Shutterstock.

US-based financial services firm JPMorganChase (Chase) has unveiled plans to triple its branch footprint in the state of Alabama by 2030.

This expansion will result in the addition of 24 branches in Alabama, increasing the bank’s state-wide branch count to 35.

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The bank’s first branch in Alabama was opened five years ago near Auburn University.

At present, there are 11 Chase branches statewide, including seven in Greater Birmingham and others in Auburn, Tuscaloosa, and Huntsville.

The bank also looks to recruit more than 170 employees as it expands across the state.

Chase, claimed to the only US bank with a presence in all 48 contiguous states, continued its growth trajectory in 2024 by constructing more than 150 new branches across 34 states.

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The Madison Boulevard branch near Huntsville is the latest addition, with its opening scheduled on 8 February.

It will offer a full range of services, including banking, lending, and wealth management, delivered by a dedicated team of specialists.

Serving as the bank of choice for 22,000 Alabama-based businesses, Chase caters to a diverse range of sectors, from machinery and equipment manufacturing to healthcare and higher education.

The bank also caters to over 555,000 consumer customers in the state.

Chase Consumer Banking CEO Jennifer Roberts said: “Alabama is a vibrant state with a strong manufacturing economy, good small business growth, and burgeoning aerospace and technology sectors. Our mission is to support economic growth and foster opportunity for all.

“This is the right time and the right place for an expansion of Chase branches and jobs in communities all across this state- from Mobile to Montgomery and Muscle Shoals.”

To enhance its community engagement in Birmingham, Chase has appointed Geno Gardner, a retired US Army veteran and local business owner, as the first dedicated community manager for the city.

Additionally, Chase plans to recruit a small business consultant to assist entrepreneurs and small businesses in their growth efforts.