Chase Bank has nearly a dozen branches in the Richmond region.
Chase Bank has found the spot for its next local branch.
The banking giant is eyeing a new location on the site of a former Burger King at 2420 W. Hundred Road in Chester, according to regulatory filings.
A Chase spokesman said the bank plans to build from scratch on the 0.85-acre property and expects to open the 3,000-square-foot branch in the second half of 2025. It would have 8-10 employees.
The bank did not comment on whether it plans to buy or lease the property. Burger King is listed as the owner of the property, county records show.
The bank applied for and last week received the green light from both state and federal regulators to open the branch.
The property is located in a dense commercial corridor near the intersection with Route 1 and just west of the I-95 interchange. The Burger King site is next door to a Dunkin’, across from a Chipotle and a few doors down from a Starbucks.
“We’ve long viewed Chester as a place we wanted to be,” Alfonso Guzman, Chase’s Region Director in Virginia, D.C. and Maryland, said in a prepared statement.
When it opens, the West Hundred outpost would give Chase nearly a dozen branches in the Richmond region, continuing a rapid expansion since it first arrived here six years ago. It would also be the bank’s fourth branch in Chesterfield County, joining spots at 14400 Hull Street Road, 9869 Iron Bridge Road and 1316 Huguenot Road.
The bank is also busy elsewhere in the region, with plans for a new-construction location on an outparcel at Regency in western Henrico.
Chase has grown to $366 million in Richmond-area deposits as of Sept. 30, according to FDIC data. That’s up from $241 million a year ago.
In other local banking moves, Powhatan-based New Horizon Bank is opening its first office in the city of Richmond and expanding to Hampton Roads, while United Bank is taking over an old SunTrust branch in eastern Henrico.
Another of Chase’s large national competitors, Pennsylvania-based First National Bank, recently leased an existing building at 11263 W. Broad St. in Short Pump and is under construction on a new branch at 5514 W. Broad St. in the redeveloped Willow Place shopping center near Willow Lawn.
Downtown-based Atlantic Union Bank is aiming for a major expansion in and around the Washington, D.C., area with its pending acquisition of Sandy Spring Bank. And Hampton Roads-based TowneBank is looking for continued growth in the Richmond area with its upcoming acquisition of Midlothian-based Village Bank.