JPMorgan to Close 1,000 Chase Branches Due to Pandemic

News

Richard Hunt

rhunt@consumerbankers.com
March 18, 2020

“More than 99 per cent of branches in the US are open,” said Richard Hunt, chief executive of the Consumer Bankers Association, which represents big banks with almost 40,000 branches between them, half the total in the US. 

 

He added that some banks had moved to drive-throughs only, to reduce crowds in accordance with the guidance of healthcare officials, while others are paring back their hours. Closures so far have focused on areas like college campuses, where classes have been cancelled.