JPMorgan opens nearly 100 new branches in low-income areas: WSJ

In an increasingly digital banking age, JPMorgan Chase (JPM) wants to put down more brick-and-mortar roots. The company announced plans to hire 75 community managers and expand its network of senior business advisors from 35 to 38 cities by year-end.

Additionally, CEO Jamie Dimon plans to open nearly 100 new stores in low-income areas across the country, according to the Wall Street Journal. In addition to serving as neighborhood banks, these locations will include spaces where the public can participate in small business and financial education workshops organized and conducted by JPMorgan.

Wealth! Host Brad Smith goes deeper into the story and explains why more banks are looking to expand physically.

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This article was written by Melanie Riehl