FDIC Reports Chase #1 in Deposit Growth

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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--(BUSINESS WIRE)-- 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.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYS: 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.



Media:
Chase
Jeff Lyttle, 614-248-9079
jeffrey.r.lyttle@chase.com

KEYWORDS:   United States  North America  New York

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