For the third consecutive year, JPMorgan Chase led the nation in deposit growth as customers added $51 billion to their bank accounts – nearly twice as much as any other bank.
Its U.S. deposits grew to $1.1 trillion in the 12 months ending June 30, 2015, according to Federal Deposit Insurance Corp. data released this week.
Over the last five years, the bank added $478 billion in deposits – more than any other institution.
“More customers are calling Chase their primary bank as we’ve given them what they want – digital options for everyday transactions, and more advisors in our branches to help them plan for the future,” said Barry Sommers, CEO of Chase Consumer Banking.
The bank ranked #1 in deposits in three of its five largest retail markets:
| Market | 2015 Rank | Deposits | ||||
| New York –NJ | 1 | $494 billion | ||||
| Chicago | 1 | $87 billion | ||||
| Houston | 1 | $84 billion | ||||
| Dallas-Fort Worth | 2 | $49 billion | ||||
| Los Angeles | 3 | $47 billion | ||||
The bank also ranked #1 in a number of other major markets in the survey:
- Detroit-Warren-Dearborn, Michigan: $32.4 billion
- Phoenix-Mesa-Scottsdale, Arizona: $21.2 billion
- Indianapolis-Carmel-Anderson, Indiana: $10.3 billion
- Baton Rouge, Louisiana: $7.2 billion
About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE:JPM), a leading global financial services firm with assets of $2.4 trillion and operations worldwide. Chase serves nearly half of America's households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,500 branches, 18,000 ATMs, mobile, online and by phone. For more information, go to Chase.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150930005340/en/
Contacts:
Mike Fusco, 212-270-5089
michael.f.fusco@chase.com
