MEMPHIS, Tenn. — Chase Bank announced Friday it will open its doors to customers in Memphis for the first time later this year.
The plan is to open at least six branches in the Memphis region within the next two years, the bank said. The branch locations are listed below:
- 557 S Highland St, Memphis
- 1035 W Poplar Ave, Collierville
- 7945 Winchester Rd Ste 101-102, Memphis
- NWC Poplar Ave and Perkins Rd, Memphis
- Poplar Ave and Exeter Rd, Germantown
- 253 Goodman Rd W, Southaven, MS
“We are thrilled to be opening our doors to the Memphis community in 2023,” said David Howell, Chase's marketing director. “Our team of local bankers is ready to support our neighbors here in the southwest Tennessee and help them reach their financial goals.”
Chase said each branch will be staffed by 8-10 bankers from the Memphis community. Entry-level employees will be paid no less than $20 per hour and will receive the firm’s full benefits package, which is valued at an average of $16,000 annually per employee in this pay range. It also includes health care coverage and retirement savings.
“Memphis has been on our radar for a long time,” said Howell. “We’ve even had customers travel to Little Rock to access our branch services. We’re thrilled to be able to offer our Memphis-area customers more choice and convenience.
In 2019, the firm selected Memphis as a PRO Neighborhoods winner and awarded a $3 million grant to the Memphis Community Development Financial Institution (CDFI) Network – United Housing, River City Capital Investment, Communities Unlimited and Hope Credit Union.