JPMorganChase to Expand Banking Services for Customers, Communities in Iowa

JPMorganChase has announced plans to expand access to consumer, business and community banking services for customers across Iowa. The expansion, which includes 25 new branches and over 150 new jobs by 2030, is part of the firm’s broader goal to serve 50% of the population in each of the 48 contiguous states within an accessible drive time.

The investment builds on more than 39 years of support for clients and communities across the state, where JPMorganChase serves as the bank of choice for around 20,000 Iowa-based businesses, including small, midsize and large corporate clients in critical industries like transportation, education, food and agribusiness, real estate, retail and manufacturing and more than 400,000 consumer customers. It will also include expanded partnership with local organizations to strengthen communities and support economic growth.

“From promoting community development to helping small businesses and teaching financial management skills and tools, we strive to extend the full force of the firm to all of the communities we serve,” said Jamie Dimon, Chairman and Chief Executive Officer, JPMorganChase. “We are eager to show up in Iowa as listeners and partners, doubling down on our commitment to serve Iowans where they live and work so, together, we can solve big challenges and make dreams happen.”

Dimon made the announcement at the ribbon cutting ceremony for JPMorganChase’s newest branch in Des Moines, at Ingersoll and 31^st, the sixth to open in the metro area in the past three years. The commitment combines work across the firm to bring customized services, expertise and partnership to Iowa, including:

• Expanding the company’s branches from eight to more than 30 across the state by 2030 including new branches in Des Moines, Waterloo, Cedar Rapids, Sioux City, Iowa City and Ames;
• Creating over 150 new jobs including bank branch employees and new specialist professionals – such as commercial banking and business banking; and
• Continuing to engage with local community, business and civic leaders to identify areas for opportunity and collaboration to support economic growth.

“We are eager to listen, learn and support communities across the state of Iowa,” said Majda Hadzic, Market Director, Iowa/Nebraska, JPMorganChase. “We opened our first brick and mortar location three years ago and are growing with the community. Having supported small businesses, critical industries and vital institutions, along with consumers since 1985, we are committed to deepening our understanding of the needs and aspirations of Iowans and how we can continue to tailor services and relationships with members of the community for the long term.”