Work will begin soon on a new Chase Bank branch at Newark Shopping Center.
The bank will open by August, as part of the company’s nationwide expansion efforts, according to Arnold Johnson, local market director of banking for Chase.
“We’re excited to be coming to Newark and committed to servicing the community,” Johnson said.
The bank, which will include a drive-up ATM, is being built on a grassy plot at the front of Newark Shopping Center.
The construction is the final phase of the $10 million renovation of the shopping center, which was approved in 2013. The rest of the project, which included renovating the aging plaza and replacing Blue Hen Lanes bowling alley with student apartments, was completed in 2015.
Chase is in the midst of adding 400 branches nationwide, an initiative announced in 2018. The Newark branch is one of seven planned for Delaware, which is home to 11,000 JPMorgan Chase employees but until recently did not have any Chase Bank branches. It will join already-opened branches in Christiana Fashion Center, downtown Wilmington and Concord Pike.
Chase will be the second bank in Newark Shopping Center, joining longtime tenant PNC Bank.
The start of construction comes as Citizen’s Bank recently closed its Main Street branch. Another Main Street bank, Fulton Bank, will move to temporary trailers this summer while its building is demolished and replaced with a mixed-use building containing the bank, another commercial tenant and 30 apartments.