The J.P. Morgan Chase bank has been stung by the coronavirus, too, and is “temporarily” closing 1,100 branches, or 20% of its locations, effective Thursday.
The company said it will still have branches with drive-up windows open for business.
Chase has sent non-teller bank staff from the branches, like financial advisors and lenders, to work from home.
The remaining 4,000 branches of Chase will stay open, albeit with reduced hours, 9:30 a.m. – 4 p.m., closing early by two hours.
In a note to staff, Thasunda Brown Duckett, the CEO of Chase Consumer Banking, said Chase will continue to pay branch employees for their regularly-scheduled hours. “Even if their hours are reduced or the branch is closed and they are asked to report to another branch or stay home.”
Additionally, she added that Chase has added two additional paid days away from work and extended the time that employees may carry over vacation days from 2019 to June 20, 2020.
Brown Duckett said Chase has stepped up cleaning at branches, placing alcohol-based hand sanitizer at main entrances, transaction lines and reception areas. “We will send a team of specialized cleaners if a branch has a confirmed or highly likely COVID-19 case within one hour of the report.”
This is a developing story.