FDIC Reports Chase #1 in Deposit Growth
Customers add $87 billion in deposits
Chase ranks #1 in three of its five largest U.S. markets
NEW YORK -- October 1, 2013
For the second consecutive year, Chase led the nation in deposit growth as
customers added $87 billion to their bank accounts, according to Federal
Deposit Insurance Corp. data released this week.
Deposits increased 10.1% -- nearly double the industry average of 5.4% -- in
the 12 months ending June 30, 2013. Chase’s deposits totaled $952 billion.
“Our bankers help our customers manage their finances so they can focus on the
things that are most important in their lives,” said Barry Sommers, chief
executive of Chase Consumer Banking. “We’re proud that our customers trust us
with more of their money.”
Chase ranked #1 in three of its five largest markets:
Market 2013 Rank Deposits Growth
New York –NJ 1 $435.8 billion 8.5%
Chicago 1 $76.6 billion 8.7%
Houston 1 $71.9 billion 27.4%
Dallas-Fort Worth 2 $41.7 billion 9.0%
Los Angeles 4 $36.4 billion 10.1%
Chase also moved up to #1 in three additional markets:
*Phoenix-Mesa-Scottsdale: 10.6% increase to $18.1 billion
*Ann Arbor, Michigan: 16.9% increase to $1 billion
*Prescott, Arizona: 13.6% increase to $810 million
Chase has the largest ATM network in the country, the second largest branch
network, and the third largest share of deposits.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase &
Co. (NYSE:JPM), a leading global financial services firm with assets of $2.4
trillion and operations in more than 60 countries. Chase serves more than 52
million consumers and small businesses through more than 5,600 bank branches,
19,000 ATMs, credit cards, mortgage offices, and online and mobile banking as
well as through relationships with auto dealerships. More information about
Chase is available at www.chase.com.
Jeff Lyttle, 614-248-9079
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