Chase Plans to Open Several New Bay Area Branches

Chicago-based financial institution is looking to expand its Bay Area reach.

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    TK
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    Chase is planning to open several new location in Northern California and the Bay Area in the coming year.

    The Occupy movement was suppose to, at least in part, chase the big banks out of town by driving customers to community institutions.

    Apparently Chase Bank didn't get the memo.

    The Chicago-based financial institution is preparing an all out assault on Northern California with 25 new locations and between 25 to 30 new branches in the Bay Area within the next year.

    "When we look at our market share and the number of our branches, we definitely see room for expansion," Don Bausley, the manager of the San Francisco and East Bay markets for Chase, told The Oakland Tribune.

    For Chase the goal is to catch up to market leader Bank of America.

    The bank will focus its expansion on the East Bay, with six to eight new branches, and several more in San Francisco and wo to three more in the South Bay.