Chase Bank nears goal of 12 local branches with plans for new spot on Iron Bridge Road

chaseironbridgemap

The bank looks to open in a storefront in between a Starbucks and Chipotle. (Courtesy Chase Bank)

Chase Bank is taking its local retail branch count to double digits.

The bank, owned by parent company JP Morgan Chase, has a new location in the works at 9801 Iron Bridge Road, near the corner of Lori Road. The 2,220-square-foot branch will go into an existing retail outparcel, in between a Starbucks and Chipotle.

Chase recently filed for regulatory permission for the expansion and aims to open in January 2024. 

The new Iron Bridge branch would put it in eyeshot of several competitors. TowneBank, Truist, First Community Bank and Chesapeake Bank all have branches around the intersection.

It’ll be Chase’s 12th location in the Richmond region, five years after it made its entrance into the market with a goal of opening 10 branches within that same span. 

It hit that goal earlier this week when its 10th branch opened at 14400 Hull Street Rd. in the Brandermill area. The 11th is planned to launch at 6109 Brashier Blvd. in Mechanicsville this October.

Tom Ing Chase

Tom Ing

Tom Ing, Chase’s Richmond market director, said bringing Chase branches to the area allows them to work more with small businesses and handle larger transactions.

Before it came here, Ing said, the nearest Chase location for Richmonders was in Washington, D.C.

“[For] lots of big purchases, customers, they prefer to do it in person versus online,” Ing said. When someone wants to start a small business or buy a home, “they’re just not comfortable over the phone.”

Ing started in banking when he was 18 years old when a branch manager saw him working at Baskin-Robbins and asked if he wanted to try banking. Ing worked his way up to a branch manager at Washington Mutual and stuck around when Chase acquired that company in 2008.

Ing said each branch in Richmond processes about 1,000 transactions per month. The bank employs over 100 people in the area and is actively hiring, both for new retail locations and other services.

Chase spokeswoman Carolyn Evert said in addition to retail, the bank is working on expanding its commercial and private banking arms in the area as well as asset and wealth management and business banking.

With more branches on the way, Ing said Chase has no plans to slow down in the Richmond market.

“We’re not stopping because the community and the [neighborhood] has been reaching out to us … they want branches,” Ing said. “Our real estate team is working tirelessly. … We want to be strategic and making sure that anywhere [we go] will add value to the neighborhood and to the community.”

chaseironbridgemap

The bank looks to open in a storefront in between a Starbucks and Chipotle. (Courtesy Chase Bank)

Chase Bank is taking its local retail branch count to double digits.

The bank, owned by parent company JP Morgan Chase, has a new location in the works at 9801 Iron Bridge Road, near the corner of Lori Road. The 2,220-square-foot branch will go into an existing retail outparcel, in between a Starbucks and Chipotle.

Chase recently filed for regulatory permission for the expansion and aims to open in January 2024. 

The new Iron Bridge branch would put it in eyeshot of several competitors. TowneBank, Truist, First Community Bank and Chesapeake Bank all have branches around the intersection.

It’ll be Chase’s 12th location in the Richmond region, five years after it made its entrance into the market with a goal of opening 10 branches within that same span. 

It hit that goal earlier this week when its 10th branch opened at 14400 Hull Street Rd. in the Brandermill area. The 11th is planned to launch at 6109 Brashier Blvd. in Mechanicsville this October.

Tom Ing Chase

Tom Ing

Tom Ing, Chase’s Richmond market director, said bringing Chase branches to the area allows them to work more with small businesses and handle larger transactions.

Before it came here, Ing said, the nearest Chase location for Richmonders was in Washington, D.C.

“[For] lots of big purchases, customers, they prefer to do it in person versus online,” Ing said. When someone wants to start a small business or buy a home, “they’re just not comfortable over the phone.”

Ing started in banking when he was 18 years old when a branch manager saw him working at Baskin-Robbins and asked if he wanted to try banking. Ing worked his way up to a branch manager at Washington Mutual and stuck around when Chase acquired that company in 2008.

Ing said each branch in Richmond processes about 1,000 transactions per month. The bank employs over 100 people in the area and is actively hiring, both for new retail locations and other services.

Chase spokeswoman Carolyn Evert said in addition to retail, the bank is working on expanding its commercial and private banking arms in the area as well as asset and wealth management and business banking.

With more branches on the way, Ing said Chase has no plans to slow down in the Richmond market.

“We’re not stopping because the community and the [neighborhood] has been reaching out to us … they want branches,” Ing said. “Our real estate team is working tirelessly. … We want to be strategic and making sure that anywhere [we go] will add value to the neighborhood and to the community.”

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Deon Hamne
Deon Hamne
11 months ago

That stretch of Iron Bridge is getting very busy. Welcome to area. More convenient for me.

Scott Brown
Scott Brown
11 months ago

Too many banks, not enough credit unions. 3 banks on that block alone. The one credit union near that area VACU thinks it’s a bank anyway. They took over the local Chesterfield Credit Union and many other small local credit unions in the metro area.