As Chase Bank seeks construction approval for a branch and drive-thru in East Arlington at an estimated project cost of $1.5 million, the city issued a site-clearing permit March 28 for the project.
GreenLite Technologies Inc. of New York City is the listed as the contractor for the horizontal development of 1.42 acres, also at a project cost of $1.5 million, at 11939 Atlantic Blvd.
The JPMorgan Chase & Co. retail banking center is planned in 3,432 square feet of space in Atlantic North at northwest Atlantic and Kernan boulevards. It includes a drive-thru ATM.
Landlord Sleiman Enterprises shows on its Atlantic North site plan that Chase will build on Outparcel D. Chase would lease the site.
BDG Architects of Tampa is the architect. Dynamic Engineering Consultants of Delray Beach is the civil engineer.
Chase has 25 branches in Northeast Florida and said it continues to open more this year and beyond.
It said it intended to open a St. Augustine branch in March.
New York City-based JPMorgan Chase & Co. Chairman and CEO Jamie Dimon told Jacksonville reporters during a visit Jan. 31, 2024, that the bank plans to add 10 more branches in the metropolitan area.
He said Jacksonville, then with 20 offices, is an expanding market.
Also, the first J.P. Morgan Private Bank office and client center in the region opened in spring 2024 in Ponte Vedra Beach.
Chase said that through the investments, the bank intends “to provide greater access to banking and financial services to more customers and communities to serve the growing population.”
In a February 2024 announcement, Chase said the new branches will be in communities throughout North Florida including in cities and communities that did not currently have a Chase branch, such as Yulee and Fernandina Beach.
Among these new branches, Chase will open two branches in low- to moderate-income locations, including in Jacksonville and St. Augustine.
Dimon said that 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.
One issue JPMorgan seeks to address is affordable housing, and helping customers qualify for a home loan.
Besides growing the branch network in the Jacksonville area, Dimon said JPMorgan may also add back-office operations in addition to its large mortgage center.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co., which has assets of $4 trillion and operations worldwide. Chase said it serves nearly 80 million consumers and nearly 6 million small businesses, with financial services that include personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing.
It has more than 4,700 branches in 48 states and the District of Columbia, more than 15,000 ATMs, mobile, online and by phone.