New Chase Bank Branch Opens In Groton

GROTON, CT — JPMorgan Chase celebrated the opening of a new retail branch in Groton last week.

Located at 971 Poquonnock Road, the branch is about 3,000 square feet and features modern, bright designs with comfortable meeting areas and state-of-the-art banking technology.

Officials held a ribbon-cutting ceremony to commemorate the opening.

"We’ve long viewed Groton as a place we wanted to be," said Milanne Glidden, branch manager for the Chase branch in Groton, in a news release. "We look forward to building new relationships and helping our customers during life’s most important moments, like opening their first savings account, buying their first home or planning for retirement."

A Chase Private Client team will "provide premium banking services, personalized attention and access to the expertise and investment capabilities of J.P. Morgan to help families reach their most important goals," the company said in a news release.

Customers may also meet with financial and home lending advisors and business banking relationship managers.

"We have a fantastic team of bankers who are dedicated to meeting the needs of our customers," added Glidden. "We want to be where our customers live and work which is why we’re excited to be growing our presence here."

Chase’s expansion in Groton is part of the bank’s growth in Connecticut that began in 2019.

While Chase is expanding, there have been a growing number of bank branches closing across Connecticut over the past few years as people have moved more toward online banking.

A January 2022 Patch report noted that a trend toward online banking during the COVID-19 pandemic led to a 38 percent spike in retail bank branch closings across the country in 2021. Connecticut saw a net loss of 59 banks in 2021.

"When Chase enters a community, we bring the resources of a global institution with a focus on local solutions," said Lissette Rodriguez, market director for JPMorgan Chase’s Consumer Bank in Connecticut, in a news release. "In addition to going above and beyond to serve our customers, we are going to engage and collaborate with our neighbors to create more equitable economic growth here in Groton."