Breaking News
More () »

JPMorgan Chase to close nearly 20% of branches due to coronavirus

More than 1000 branches will close temporarily. Staff will be reduced in ones staying open

NEW YORK — JPMorgan Chase announced today they're temporary closing about 20% of their branches because of the coronavirus, according to reports from CNBC. 

The bank, one of the biggest in the U.S., will shut down about 1,000 Chase branches. The remaining branches will have limited staff, as some will be able to work from home. Some Chase locations will also have different hours. This is all in an effort to stop the spread of the virus and to protect staff and customers.

Closures and work from home will begin starting tomorrow.

Yesterday, JPMorgan announced a they were committing $50 million to communities affected by the coronavirus.

JPMorgan is one of the first large U.S. bank to announce closures in response to the coronavirus outbreak. Capitol One announced earlier this week that they'd be closing 120 locations. Most other banks have remained open.

JPMorgan didn't say what branches would be closing or where. 

RELATED: Thousands sign petition asking Gov. DeWine to freeze rent, mortgage payments in Ohio amid coronavirus

RELATED: Could COVID-19 lead to another recession?

RELATED: Trump administration delays April 15 tax payment deadline by 90 days for many

RELATED: Target announces reduced store hours and dedicated time for vulnerable guests

RELATED: Federal Reserve statement on emergency action amid coronavirus outbreak

RELATED: Dow closes below 20,000, erasing nearly all gains since Trump took office

RELATED: Coronavirus live blog: Trump to marshal private sector against virus

RELATED: 88 cases of coronavirus now confirmed in Ohio; Gov. DeWine closes state's BMVs, barbershops, salons

RELATED: Trump: HUD to suspend foreclosures, evictions through April

RELATED: Coronavirus & Ohio: The latest number of confirmed cases

RELATED: VERIFY: A person can test positive twice for coronavirus

Paid Advertisement

Before You Leave, Check This Out