A fourth new Chase Bank location is in development, this one in St. Johns County, since New York City-based JPMorgan Chase & Co. Chairman and CEO Jamie Dimon said Jan. 31 that the bank plans to add 10 more branches in the Jacksonville metropolitan area.
City utility JEA is reviewing utility availability for Chase Longleaf.
The 3,457-square-foot building is under construction at a project cost of $2.3 million on 3.57 acres at 51 Pine Chase Way. St. Johns County issue a building permit Nov. 14, 2023.
JPMorgan Chase spokesperson Carolina Macias said by email Sept. 11 that the branch will open this year.
“This branch is one of the 10 locations we referenced earlier this year and is expected to open in November,” she said.
The branch is at Longleaf Parkway and Pine Chase Way, south of Greenbriar Road, in Saint Johns in northwest St. Johns County. The site is north of Bartram Trail High School.
The shopping center is the Shops at Longleaf Pine.
Since January, three new locations emerged and another is moving to a larger building.
The first three comprise two in Jacksonville in College Park in Arlington and in the Atlantic North shopping center in East Arlington and another at 100 Florida 312 W. in St. Augustine, also in St. Johns County.
Also, the St. Johns River Water Management District is reviewing an application for a relocated Chase Bank at 1000 Sawgrass Village Drive near Sawgrass Village in Ponte Vedra Beach in St. Johns County.
The Sawgrass Village shopping center directory shows that Chase now has a small branch next to Publix Super Markets Inc.
Dimon told news reporters that Jacksonville, with 20 offices, is an expanding market.
Chase Bank started to build a branch network for its Chase business in 2013.
Dimon said Jan. 31 the next expansion will include offices in low-to-moderate-income neighborhoods in Jacksonville and St. Augustine.
He said banks have an obligation under the federal Community Reinvestment Act to serve all parts of the community but he said JPMorgan would provide those services anyway.