Chase Bank aims to grow its Maine workforce in 2024

Photo / Renee Cordes Chase Bank's Portland branch, shown here, is located at 480 Congress St.

Write a Comment

JPMorgan Chase & Co. (NYSE: JPM) aims to have 50 employees in Maine by next year, working at the bank's five branches in the southern part of the state. And more growth could be on the way.

“We view our expansion into Maine as a marathon, not a sprint,” Doreen Warren, Chase Bank’s Portland-based market director for northern New England, told Mainebiz. “Growth needs to be viewed through a holistic lens.”

File photo

Doreen Warren

“Of course we’re always looking to grow our customer base, but we also see growth in the relationships we can build within the communities where we operate,” she added. “We are excited to keep opening branches throughout the state and serving the needs of local consumers and businesses.”

Today, Chase employs around 30 people at its retail branches in Portland, Falmouth, Westbrook and Saco, with plans to open in Yarmouth at the end of this year and in Scarborough in 2024. Some of the timetables have been pushed back due to weather and construction.

Chase has had a commercial team on the ground in Maine since 2018 and a retail presence since 2021, when it opened a branch at 480 Congress St. in downtown Portland near Monument Square.

The Portland branch employs around eight bankers, led by branch manager Kelly Eberly, a vice president.

Asked whether Chase has any plans to go outside of southern Maine in the longer term, Warren left the door open to various possibilities.

“We’re always looking for places where our branches can best meet the needs of consumers and business owners," she said. "We continue to look throughout Maine and where our customers need us.”

New York-based JPMorgan, with a market capitalization of around $430.6 billion, is the world’s largest bank.