Chase To Add 100 CA Bank Branches In 2011

Los Angeles - Chase announced today that it will continue its expansion in California by opening about 100 branches and adding more than 1,500 jobs in 2011.

The new branches will extend Chase's network to more than 900 bank branches and more than 3,000 ATMs across California.

Chase will open about 65 branches in Southern California, including Los Angeles, Ventura, Riverside, San Bernardino, Orange and San Diego counties.

About 20 new branches are planned in Northern California, and 15 in the Central California counties of Kern, Tulare, Fresno and Madera.

"California is one of Chase's high-priority growth markets, and we plan to invest significantly in the people, facilities and technology needed to serve California consumers and businesses well," said Pablo Sanchez, head of Chase's branch network in the Western United States.

"We are creating many jobs, including construction workers to build the branches, vendors to provide services to Chase and, most importantly, branch employees to help our customers with their financial needs," he said.

Nearly half of Chase's new branches in 2011 will be in California. The company plans to add a total of 525 to 700 branches in California by 2015.