Chase is accelerating its expansion into Minnesota, bringing the total number of bank branches in the Twin Cities to more than 40 locations by 2025 – 68% more than initially committed.
The expansion, announced at a ribbon-cutting ceremony on Nov. 2 for the bank’s first branch in Eden Prairie, will bring Chase to new communities for the first time, including Savage, Edina, and Roseville, by the end of this year. On hand for the ceremony were the Eden Prairie High School cheerleaders and the eagle mascot.
The bank opened its first branch in Minnesota just off the campus of the University of Minnesota in 2018 and currently has 18 open in the Twin Cities area.
“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.”
The first branch in Eden Prairie is a newly constructed free-standing building at 928 Prairie Center Drive.
Visitors will discover the branch looks and feels different from a “typical” bank – combining a modern design, layout, and state-of-the-art banking technology, reflecting how customers engage with Chase today.
The bank hired 10 local employees for Eden Prairie, including personal bankers, associate bankers, private client specialists and advisors, and home lending and business banking specialists.
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.
Last year Chase became the first bank to have branches in all 48 contiguous states.
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