JPMorgan Chase & Co. Hires Executive with Boston Ties to Launch New England Branches

JPMorgan Chase & Co., a Council member, has tapped Roxann Cooke as its new Regional Director of Consumer Banking and Wealth Management. Drawing on substantial experience in the Boston banking sector, Cooke will spearhead the opening of 50 bank branches of in the Greater Boston region, as well as offices elsewhere in New England.

The bank now has three branches open in the Greater Boston area. Under Cooke’s leadership, the goal is to grow that number to 18 by the end of 2019, including the 7,500-square-foot branch in Back Bay’s Prudential Center. One of Cooke’s objectives in her new role is to ensure that communities across the region have access to banking services. One solution that Chase is providing is called Chase Secure Banking, an account that has no check cashing fees, no minimum opening balances, and no overdraft fees, for $4.95 per month.

Cooke commented, “Growing up in Dorchester and Roxbury, and coming from that (low and middle income) marketplace, where there wasn’t access to banking at that time. . . I’m really moved and motivated to make sure there’s a banking presence, a bank that wants to do well.”

The NEC applauds JPMorgan Chase & Co. for hiring an executive with deep ties to Boston and its banking industry, and for working to address the needs of the communities as it expands across New England.