Chase is 2nd biz to open in Town Center
During that time, “our staff will gather with clients, prospects and community members for a ceremonial ribbon cutting at 10 a.m.,” said A.D. Lavalle, Chase’s market director of banking for East Tennessee.
“We’re thrilled to expand our network, lift up the local Knoxville community and invest in its people with the opening of Chase’s first East Tennessee branch,” he added. “Our branches are advice centers, where customers can get help making the most of their money — whether that’s managing investments, buying a house or running a small business.”
The Farragut branch is the first of three branches planned to open in the Knoxville area this year, according to Lavalle. A second branch is planned in May for 503 N. Foothills Plaza Drive in Maryville.
“Chase is working toward opening five to six more branches in East Tennessee by the end of 2026,” a press release stated.
“The community has welcomed us with open arms,” Lavalle said.
“We have felt a real sense of hospitality and excitement from the people of Farragut.”
“As Chase enters East Tennessee, we’re eager to be the bank for all and actively partner with the local community,” said Deidre Vonderhaar, vice president and branch manager of Chase’s new Farragut branch.
“Our bank believes people need people when it comes to making important financial decisions.
“We are excited to open our Knoxville-area branches, grow in this new market, listen to our customers’ needs and equip them with an exceptional team of experts,” Vonderhaar added.
Chase is hiring staff locally to support its new branches, including bankers, branch managers, business bankers and financial advisors.
“Entry-level employees in East Tennessee branches will be paid no less than $20 an hour and will receive the firm’s full benefits package, which includes health care coverage and retirement savings,” a press release stated.
The opening of Knoxville’s first Chase branch is part of the bank’s recent “multi-billion commitment to open more than 500 branches by 2027,” the press release stated. Chase also plans to renovate 1,700 additional locations across the country during the next three years.
“When we open a branch, we’re not only investing in the financial health of residents, we’re committed to the health and vitality of the entire community,” said Marianne Lake, JPMorgan Chase’s CEO of consumer and community banking. “We provide local expertise and support through our branches; we lend to local businesses of all sizes, create jobs and long-term careers and finance vital amenities that are the cornerstone of healthy neighborhoods.”
Lavalle said the bank looks for locations “where people live, work and shop.”
As such, “Farragut is a thriving community and is a perfect place to plant our flag in East Tennessee,” he added. “East Tennessee is vibrant and growing.
“Chase is eager to be the bank for all and actively partner with the local community. Our bank believes people need people when it comes to making important financial decisions. We are excited to open our Knoxville-area branches, grow in this new market, listen to our customers’ needs and equip them with an exceptional team of experts.
Chase has more than 4,800 branches in 48 states and the District of Columbia.
“We also serve our customers with 15,000 ATMs ...,” Lavalle said.
During the past five years, Chase has added more than 650 branches, including 400 locations in 25 new states, the press release stated
“The bank has the largest branch network in the country and is the only bank to have branches in all lower 48 states,” the release added. “Chase launched two new branches in Memphis in August and will open five more by the end of 2025.
“The bank also opened 10 branches in Nashville in 2020.”
“Chase supports more than 1 million customers in Tennessee with mortgages, auto loans and savings, checking and credit card accounts,” Lavalle said.
Along with Chase bank’s full line of services, it merged with J.P. Morgan in 2000 to provide investment services as well.
For more information about Chase bank, call 865-672-5416 or visit online at chase.com
