From the Daily Record:
Plans filed for at least 5 area Chase banking offices
Southside, Beaches, Riverside, Mandarin, & St. John's Co.
http://www.jaxdailyrecord.com/showstory.php?Story_id=538946
Wait a minute. Are they doing this despite possibly having to pay a mobility fee for a few locations?
I live in 5 Points and Chase just sent me a flyer offering me $300 if I open a checking account and use it for at least 6 months. And then I got one from Wells Fargo offering me $50. The Chase offer sounds pretty good!
Excellent. Tired of having to drive to Baymeadows.
http://www.bizjournals.com/jacksonville/news/2013/03/11/chase-planning-several-branches-across.html (http://www.bizjournals.com/jacksonville/news/2013/03/11/chase-planning-several-branches-across.html)
"Plans call for: ... A 1,252-square-foot retail banking branch at 1661 Riverside Ave., at the corner of Margaret Street."
Google Maps is saying that address is in the condo building on top of Einstein Brother's bagels. Maybe an empty storefront?
You would have thought if waiving Fees was the catalyst for new projects this announcement would have been held until after the moratorium vote. Like all the construction projects happening and in the pipeline the market is the basis.
Quote from: JFman00 on March 11, 2013, 12:32:46 PM
Excellent. Tired of having to drive to Baymeadows.
+1
Quote from: thelakelander on March 11, 2013, 12:17:35 PM
Wait a minute. Are they doing this despite possibly having to pay a mobility fee for a few locations?
Naw, they've got confidence that the buffoons that run this city will trample the people and screw the fee. I mean, after all, who wants better roads, bridges, transit, sidewalks or trails - especially trails, right?
Quote from: thelakelander on March 11, 2013, 12:17:35 PM
Wait a minute. Are they doing this despite possibly having to pay a mobility fee for a few locations?
Correct. Chase is entirely demographic driven and basically nothing else. They open a business branch on the SS and client branches for SS workers in their respective neighborhoods (Beaches, SJC, Mandarin, Riverside/Avondale). Obviously not targeting blue collar workers. Surprised they wouldn't open downtown considering there are very few bank branches downtown (evidence of very few workers?).
Chase will have 5 branches + however many are already there (2-3?) and likely no more for a while...they will be spaced significantly apart and well located. I'm sure another huge priority for Chase will be the ease of access for its customers, who can't just miss a branch and drive on to the next one. In addition to demographics, it will be important for us to follow where exactly these branches are located...I will assume they will be "prime" pieces of real estate on the "going-home" side of major commuter arterial roads where people entering and exiting can have their own light and the traffic flow will be decent. My guess is they will choose areas with better infrastructure already in place than in new areas that have yet to be built up. Another sign that the mobility fee is a very important tool FOR development, not against.
The extent of Chase's current presence in Jacksonville is the one branch off Baymeadows and an ATM at Neptune beach.
2 Suntrusts, 3 Bof A's, BB&T, Vystar, TD Bank, Regions, 121 Financial, BBVA Compass, Duval Federal, Community First, Florida Bank, Jacksonville Bank, Everbank (Riverside Ave), Merchantile Bank, Wells Fargo, Synovus, etc. hardly counts as not many. Maybe not as much as Atlanta, but still quite a few options.
I needed a bank that has branches in Chicagoland convenient to the parents.
I use CommunityFirst Credit Union. No fee at Publix atms and I can walk into many other Jacksonville credit unions and do business at their teller windows. Their website is state of the art and they have mobile check uploads through a smartphone app. I want to keep my money local and stop feeding Wall Street, if possible.
Another new bank in the mix. First Southern Bank
http://jacksonville.com/opinion/blog/472000/roger-bull/2013-03-11/first-southern-bank-plans-first-jacksonville-branch
Quote from: fsujax on March 11, 2013, 01:56:27 PM
2 Suntrusts, 3 Bof A's, BB&T, Vystar, TD Bank, Regions, 121 Financial, BBVA Compass, Duval Federal, Community First, Florida Bank, Jacksonville Bank, Everbank (Riverside Ave), Merchantile Bank, Wells Fargo, Synovus, etc. hardly counts as not many. Maybe not as much as Atlanta, but still quite a few options.
You must be a defensive lineman. Can you quit sounding like an idiot? Who said anything about Atlanta, which also does not have Chase branches in either DT or MT? The subject is Chase Bank and it diverted to the Mobility Fee. When you see a Schwab or a Chase or UBS (currently in PVB) or a CitiBank or a Northern Trust downtown, you'll know then that it trumps the SS or Ponte Vedra as the place where Jacksonville's big business is conducted. There isn't a downtown in America without multiple national/regional commodity community bank branches and credit unions...even the government workers and entry level accountants need convenient access to their check/savings accounts!
Chase has chosen to open 2 branches on the SS, 1 in Mandarin, 1 in Riverside, 1 at the beaches, and 1 in SJC. None downtown. Besides speaking to the fact that having the demographics in place and the ability to select strategic sites to build bank branches trumps trumps the cost via "fee" to enter the market, I think it also speaks to the fact that the outside world still sees the SS as the city's business hub rather than DT. Chase isn't a single working mother's bank, although she can just as easily open an account there. It offers more services for people with a certain net worth and certain financial needs, usually the stereotypical white collar upper-middle to upper class businessman and his family. I actually thought there were enough of these people working downtown to attract them there, and it would have been a "visibility" thing (it's hard to miss the backlit bright blue logos and motifs of their banks and buildings), but I don't think they see it the same way. Yell at them if you have a problem with their decision to not locate downtown, don't yell at me for pointing it out.
When I moved to Jacksonville, I was working for Chase at the time.
The first thing I did was go to the Chase facility on Southside to find an ATM so I could perform transactions w/o paying any fees.
To my amazement, in a building of 350 Chase employees, there wasn't anything. Not an employee banking center, not even an ATM! I asked the facility manager where was the ATM? She said that they took it out because none of the Chase employees had Chase accounts. They only got their employee discounted mortgages, but banked elsewhere. She also noted that many of the Chase employees lived in Orange Park or the west side and not having anything near them just didn't work.
Stunned, I dropped an email to the President of Chase Florida and asked him what the scoop was. He said that Florida was a strategic market for Chase, but that the plan was to grow organically in the Jacksonville market. Rumors were ripe that they were going to make a run at Sun Trust at the time (they wanted WAY too much anyway) so I figured it was a matter of time before they landed here.
I thought it too funny that JPMC had call centers throughout Florida (Jacksonville (mortgages), Lake Mary (card), Tampa (card and corporate)) but almost no retail presence.
Unfortunately, they did land, but it was through the WaMu disintegration, not organically.
In the interim, several banks have died and even Fifth Third showed up, so I still wondered when Chase was going to be able to pull it together.
At this point, I am no longer with Chase, as an employee or as a retail customer.
Thanks, that was interesting. The banking presence one finds in other parts of FL is pretty stunning compared to the options in Jax. It's about time Chase showed up. It looks like there are 2 Schwab branches, too...in guess where...SS at SJTC and in PVB. Shocker. Whenever I'm down in S FL or SW FL I'm pretty dazzled by the array of prestigious banks. Lots of high net worth individuals. And then again laundered coke money built the huge banking industry down in Miami, still present, still bankrolling shitty developments, still taking in iffy foreign cash, LoL. Jacksonville does NOT need any of that shenanigans.
I've never banked with a national before...In Jax it was local. In Atlanta it was SunTrust. Now I'm on the West Coast...need new bank. Considering Chase as there are so many branches and ATMs here (4th largest bank by deposits here), but then again the locals/regionals out of SF are so so good (by local I mean banks that are still the size of SunTrust, LoL, and Wells Fargo is based here).
I would think there would be a demand for at least one Northern Trust branch/office in PVB. Still shocked there is none. Now that's a prestigious bank! My mother grew up near the founders' family outside of Chicago. She always tells me they drove shitty cars :)