JP Morgan Chase is removing its commercial bank branch from downtown Buffalo, but officials say the move won’t impact the Corporate Challenge.
The bank says it isn’t leaving the Buffalo market and plans on continuing to do business in Western New York, but its commercial bank branch was one of only four around the entire country and the decision was made to close those branches.
“We regularly evaluate our businesses to find ways to simplify our operating structure. Many of our clients who use the Buffalo location have moved to other products and solutions that we offer, which has decreased the volume within this branch. We’re committed to the Buffalo market and will continue to operate here and serve the community. And we’re looking forward to continuing the momentum of our recent $230,000 grant to support the Advanced Manufacturing Training program at Buffalo State," said Erich Timmerman, Chase spokesman.
JP Morgan Chase will be working with clients to transition them to online services and other products. Employees are being asked to stay until March 31st and after will have the opportunity to find other employment within the bank.
The bank says the decision to close the branch will not affect the popular Corporate Challenge, which has thousands of participants each year.
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