JPMorgan Chase & Co FDIC Reports JPMorgan Chase #1 in U.S. Deposit Growth
30 September 2015 - 11:30PM
UK Regulatory
TIDMJPM
For the third consecutive year,JPMorganChase led the nation in
deposit growth as customers added $51 billion to their bank
accounts - nearly twice as much as any other bank.
Its U.S. deposits grew to $1.1 trillion in the 12 months ending
June 30, 2015, according to Federal Deposit Insurance Corp. data
released this week.
Over the last five years, the bank added $478 billion in
deposits - more than any other institution.
"More customers are calling Chase their primary bank as we've
given them what they want - digital options for everyday
transactions, and more advisors in our branches to help them plan
for the future," said Barry Sommers, CEO of Chase Consumer
Banking.
The bank ranked #1 in deposits in three of its five largest
retail markets:
Market 2015 Rank Deposits
New York -NJ 1 $494 billion
Chicago 1 $87 billion
Houston 1 $84 billion
Dallas-Fort Worth 2 $49 billion
Los Angeles 3 $47 billion
The bank also ranked #1 in a number of other major markets in
the survey:
-- Detroit-Warren-Dearborn, Michigan: $32.4 billion
-- Phoenix-Mesa-Scottsdale, Arizona: $21.2 billion
-- Indianapolis-Carmel-Anderson, Indiana: $10.3 billion
-- Baton Rouge, Louisiana: $7.2 billion
About Chase
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE:JPM), a leading global financial
services firm with assets of $2.4 trillion and operations
worldwide. Chase serves nearly half of America's households with a
broad range of financial services, including personal banking,
credit cards, mortgages, auto financing, investment advice, small
business loans and payment processing. Customers can choose how and
where they want to bank: 5,500 branches, 18,000 ATMs, mobile,
online and by phone. For more information, go to Chase.com.
JPMorgan Chase & Co.Mike Fusco,
212-270-5089michael.f.fusco@chase.com
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September 30, 2015 09:30 ET (13:30 GMT)
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