A national bank with nearly $2.3 trillion in assets worldwide has opened a commercial banking office in Greenville.
Chase, the consumer and commercial banking arm of JP Morgan Chase & Co., said the new Greenville location is the first in South Carolina and just the third in the Carolinas. The company said it plans to open eight commercial bank offices in “high-growth local markets nationwide.” The Chase office is located inside the Main at Broad building in downtown Greenville.
“Opening this office in Greenville is a very important part of serving the Carolinas; the region’s growth prospects are very strong, and we want to bring our local talent, global reach and market experience to support middle-market companies in both North and South Carolina,” said Craig May, region manager for the Carolinas, in a statement.
Jeff Henry, who joined JP Morgan & Chase in 2015 to assist with the company’s Carolinas expansion, was tabbed to lead the Greenville office as the market executive for South Carolina.
“It’s our view that, with the Upstate and Greenville and Spartanburg specifically being one of the fastest growing areas in the state, it is a great opportunity for us to be in a part of the country that we can grow with it,” Henry said in an interview with GSA Business Report.
Henry, a Spartanburg native, earned his Master of Business Administration from the Darla Moore School of Business at the University of South Carolina. He said the office has two bankers with two more to come online “in the near future.”
He said the office is part of JP Morgan Chase’s middle-market banking group, which provides services to companies with between $20 million and $500 million in annual revenue. The Greenville office will cover the entire state for Chase.
“We are really able to bring the full strength and knowledge of JP Morgan Chase to the area,” Henry said. “It is basically a full-service commercial institution.”
Immediately following its opening, Chase’s parent company helped the Upstate SC Alliance unveil the foreign-direct investment plan the region was picked to take on in March 2015. The region, picked along with six others by the Brookings Institute and JP Morgan Chase Global Cities, is a program aimed at expanding area economies with additional international connections and competitiveness.
JP Morgan Chase Global Cities and Brookings launched the Global Cities Initiative four years ago and the regional partners in developing the Upstate’s plan include Dave Edwards, president and CEO of Greenville-Spartanburg International Airport; David Britt, Spartanburg County councilman; Robert Carey, regional economist at Clemson University;and David Shellhorse of the S.C. Appalachian Council of Governments.
Reach Matthew Clark at 864-235-5677, ext. 107, or @matthewclark76 on Twitter.