JPMorgan Chase opens commercial banking office in Cumberland County

//June 10, 2019

JPMorgan Chase opens commercial banking office in Cumberland County

//June 10, 2019

Dan Kravitz will lead the new commercial banking office for JPMorgan Chase. (Photo: Submitted)

After serving business customers in Central Pennsylvania for more than a decade, America’s largest bank has decided to open a commercial banking office in Cumberland County.

Effective June 6, JPMorgan Chase has started leasing office space at 101 Erford Road in East Pennsboro Township.

Led by Dan Kravitz, executive director and relationship executive for middle market banking, the JPMorgan Chase office will cover 28 counties in Pennsylvania, including all of southcentral Pennsylvania.

The office provides a variety of financial services to business clients, including treasury services, credit and financing, international banking and commercial real estate services. The middle market generally includes companies with annual revenues of $20 million to $500 million.

“As the business continues its strategic expansion, and with the excellent local bankers we have hired, we felt it was the right time to officially open an office in Central Pennsylvania,” Kravitz said. “Plans to open a new office here had been in the works for a long time.”

He said the Erford Road office is centrally located to serve the broader region.

“We anticipate growing the team as we bring the power of the entire firm to the area over the next few years,” Kravitz said.

JPMorgan Chase has assets of $2.7 trillion and more than 250,000 employees in more than 100 markets.