On the morning of November 2, Chase Bank held a ribbon-cutting ceremony for its first branch in Eden Prairie. The event featured the Eden Prairie High School cheer team and Eagle mascot, as well as high-profile leaders at JPMorgan Chase.
Chase announced at the ceremony its plans to accelerate its expansion into Minnesota, bringing the total number of branches in the Twin Cities metro area to more than 40 locations by 2025, which is 68% more than in its initial plans. The expansion will bring the bank into many Minnesota communities for the first time, including Savage, Edina, and Roseville, before the end of the year.
Chase hired 10 local employees for Eden Prairie, including personal bankers, associate bankers, private client specialists and advisors, and home lending and business banking specialists.
“Our branches serve as community anchors, connecting our neighbors and local businesses to critical resources that meet their needs and help them build a secure financial future,” said Patty Gilman, regional director for Chase in Minnesota.
“Branches are critically important to our customers, but our mission goes beyond service and convenience,” said Racquel Oden, head of Network Expansion at Chase. “We’re hiring locally, investing in communities, and bringing all the benefits our firm has to offer to drive economic growth.”
Since opening branches in the Twin Cities area, Chase has announced more than $10 million in philanthropic investments to help local non-profits and minority-owned businesses, including $5 million in February to the Center for Economic Inclusion and partners, to support local Black, Hispanic and Latina women business owners.