JPMorgan has just announced plans to ramp up hiring in Charlotte by growing their corporate workforce from about 600 employees today to nearly 1,000 by 2028.
JPMorgan Chase currently operates out of two SouthPark office buildings. Over the next two years, the bank expects to add hundreds of roles across its commercial and investment bank, private bank, and consumer bank. Many of the new positions will support back-office operations tied to commercial banking.
The expansion builds on steady growth in the Queen City. JPMorgan opened its commercial banking office in Charlotte in 2011, followed by a private bank office in 2017 and its first retail branch in 2020.
Across the region, the bank now employs nearly 1,000 people when including its 25 local branches. It serves roughly 500,000 consumers and 35,000 small-business clients in the Charlotte area.
“Our expansion in Charlotte reflects both the depth of talent here and the growth of the market, but it also speaks to our business success and our intention to accelerate that success to serve more of the Queen City’s growing business community,” said JPMorgan’s Head of Commercial Banking Matt Beardall in a press release. “Having our talented employees together in a new, state-of-the-art work space will add fuel to the fire of our momentum – and that of our clients.”
Charlotte remains the second-largest banking center in the U.S., behind New York City. Major players like Bank of America and Truist Financial are headquartered here, while Wells Fargo employs about 27,000 people locally.
JPMorgan’s hiring push adds momentum to Charlotte’s banking sector, bringing more corporate jobs to SouthPark and reinforcing the city’s position as a national finance hub.
