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JP Morgan Chase, Contracting Elsewhere, Plans To Expand In North Texas

Aerial rendering of Legacy West

JP Morgan Chase plans to expand its operations in North Texas, according to an interview with CEO Jamie Dimon in the Dallas Business Journal. The exec says that despite eliminating 300 of its 5,600 branches nationwide, the banking giant isn’t cutting down on its retail presence in Texas. In fact, it plans to grow its wealth management business and add mortgage and small business loan officers to the region.

The company said in January that it will build a multi-building 50-acre campus in Plano’s Legacy West development that will consolidate half of Chase’s 12,000 North Texas-based employees.

The CEO extolled the virtues of Texas’ business climate and infrastructure, and said that the company considered the commute, amenities and expansion capabilities when it decided on the Legacy West development. [DBJ]