Bloomberg Businessweek

Where the Branches Aren’t

The biggest U.S. banks are closing more locations in low-income areas

Aberdeen, Wash., is a far Northwestern outpost of JPMorgan Chase & Co. with one lonely Chase Bank branch. Now the bank is planning to depart the rainy timber town that gave the world Kurt Cobain. The next closest Chase branch is 40 miles away. At the same time, parent company JPMorgan plans to open 70 branches in the vicinity of the other Washington—the nation’s wealthy capital. Among the new locations is

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