JP Morgan Chase is scaling its retail banking operations in Manhattan. The company posted signs announcing the permanent closing of its upper Manhattan branch at 145th street in Hamilton Heights. The company is among those on the area with rising real estate prices to bow out of the neighborhood in the heart of Harlem.
According to sources close to New York City Wired, the bank plans to transfer employees to other locations and close additional operations while remodeling some of its more popular branches.
The closing of the branch on 145th street near a busy intersection, Starbucks and Duane Reade will leave residents of the area traveling further to gain ATM and other transactions.