Chase Bank continues to make quick work of its long-term branch expansion plan in the Richmond market, zeroing in on its first site in eastern Henrico.
The banking giant is eyeing a new from-scratch location at 4508 S. Laburnum Ave., across from White Oak Village.
According to plans filed with the county, Chase would build a new branch on the site of an existing office building, which would be razed. The branch would be a one-story, 3,500-square-foot storefront with a detached drive-thru ATM.
The plans were submitted in late February. Chase declined to comment.
The White Oak spot would be at least the ninth Richmond-area branch either open for business or in the works for Chase.
Its first two opened last year in Short Pump and on Staples Mill Road in Henrico. Others are in the works in the former Peking Pavilion building in Shockoe Slip, on the site of the former Extra Billy’s BBQ restaurant next to Willow Lawn, in the under-construction Carytown Exchange development, as well as spots in Mechanicsville and Midlothian.
The bank has said its goal is to add up to 20 new branches in Central Virginia over time, 10 of which it aims to open by the end of 2022.
While it thus far has leased the bulk of its local branches, Chase did recently become its own landlord at 8727 Staples Mill Road, which was the first of its Richmond branches to open for business. The bank bought the converted BB&T branch in January for $3.1 million.