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JPMorgan Chase is set to open five branches in Connecticut over the next three years as a part of its greater nationwide expansion plan until 2027.

Briana Curran, Chase’s vice president for US regional communications, said that the five branches will be in new communities such as Groton, Bloomfield and New Britain.

“Expanding our presence in Connecticut means even more actively contributing to local economic growth and providing exceptional financial services to the communities we serve. The state is home to so many valued customers, clients, employees, and community partners. We are proud to contribute to the state’s progress and prosperity through our continued investments and initiatives,” said Cynthia Frederick, Regional Director of Chase Consumer Bank in Connecticut.

In 2023, Chase opened five branches in Connecticut but has also closed some branches as the bank continues to assess areas of growth and consolidation in the state.

The bank announced its nationwide expansion plan today involving more than 500 branch openings, 1,700 branch renovations, and the hiring of 3,500 employees by 2027.

As of today, Chase said it is serving nearly 80 million consumers and nearly 6 million small businesses, with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing.

“Every day approximately 900,000 people walk into a Chase branch to cash a check, make a deposit or speak to one of our experts about an important financial decision that could impact their lives,” Jennifer Roberts, CEO of Chase Consumer Banking, said in a statement. “This investment means we can continue to have branch locations that reflect the unique needs of the communities we aspire to serve today, tomorrow, and for many years to come.”

The bank said the multi-billion dollar commitment across the country will contribute to local economic growth through construction, ongoing community investments, and hiring of local talent.

“When we open a branch, we’re not only investing in the financial health of residents, we’re committed to the health and vitality of the entire community,” Marianne Lake, CEO of Chase’s Consumer & Community Banking, said in the same statement. “We work with government and community leaders to help drive sustainable impact. We provide local expertise and support through our branches; we lend to local businesses of all sizes, create jobs and long-term careers, and finance vital amenities that are the cornerstone of healthy neighborhoods such as hospitals, schools, transportation and grocery stores.”