Story by Sara Paul
JPMorgan Chase has announced that the Chase branch, located at 30 Main St. in the Village of Warwick, is closing its in-person banking services on Tues., Dec. 18; a drive up ATM will be provided.
Teller or other financial services will be accessible to current customers at the Warwick Fairgrounds location on 146 US Hwy 94 (in the Price Chopper complex). This bank is less than two miles down the road. Construction for the drive up ATM will start on Wed., Dec. 19. During construction the ATM vestibule in the Main St. branch will remain open for customers, according to Chase Bank representatives.
A JP Morgan representative declined to comment on if current Main Street employees will either be transferred or laid off or if they had any knowledge on what organization will be taking over the location’s lease.
“It’s important that we rationalize our branch footprint. We are opening new branches in high growth areas and consolidating those with less foot traffic as we see more customers do their banking digitally,” commented Carolyn Evert, VP, Northeast Regional Communications, JPMorgan Chase.
“I’d also add that even though we are consolidating branches, there are many touchpoints for the consumer. For example, we have ATMs that can do over 70% of transactions that a teller can do, and we’re piloting different branch formats, like our Everyday Express locations, that are digital-first experiences for consumers who want to transact at the ATM, online or on their phone,” said Evert.
Village of Warwick Mayor Michael Newhard stated, “The beautiful building that houses Chase Bank is an historic icon on Main St. It has in fact been a bank since the turn of the century and many banks have set up shop there over time. Considering our robust Business District and the building location, I hope there will be a new tenant or owner in a short period of time. Changes such as this are a test to our strength and adaptability, and I believe there will be a successful transition to either a new bank or a new use.”