JACKSON, Wyo. — Recent years have brought visible growth to the Cowboy State as more and more people recognize the draw of Wyoming’s access to the great outdoors, friendly residents and untapped possibilities. As the state’s local communities grow, there’s exciting energy among area businesses from Cheyenne to Jackson Hole.
These businesses are experiencing their own growth fueled by new populations and companies recognizing that Wyoming is an attractive state to do business in.
JPMorgan Chase is one of those companies expanding into local communities to help support the needs of new and existing businesses, and all Wyomingites who live and work in the region.
“The ‘Western Way’ of life is really appealing to a lot of people – it’s the ability to experience the outdoors and achieve the sometimes elusive work-life balance that everyone wants,” said Margaret Madrigal, Vice President for JPMorgan Chase Commercial Banking. “I’m one of those recent transplants and I fully understand the draw to this region.”
Madrigal is leading efforts to expand JPMorgan Chase’s Commercial Banking presence in the region, bringing the firm’s global capabilities to local businesses. The Middle Market Banking team that she’s a part of helps companies succeed at every stage of growth by delivering strategic guidance and tailored financial solutions including credit and financing, digital banking and payments, treasury and merchant services and international banking.
“We’re excited to be a part of the community here and serve the residents and businesses by providing greater access to our financial tools and services,” she said.
JPMorgan Chase opened its first retail branch in Jackson Hole last November. While the bank has been doing business in the state for years serving clients through its auto, credit card and mortgage business, the branch presence brings relationship bankers, wealth and home lending advisors, business banking relationship managers, and a dedicated Chase Private Client team to help Jackson Hole residents meet their financial goals. The bank also has a branch located in Cheyenne with plans to deepen its impact across the state.
“When we enter a new market, we bring the full force of JPMorgan Chase, our first-class customer service and our commitment to community,” said Claudius Duncan, Chase’s Market Director of Banking for the region. “There hasn’t been a slow day in the branch since its doors opened, and it’s been really fulfilling to see the difference we’ve been able to make in the lives of individuals, businesses and the greater community.”
In fact, earlier this year, JPMorgan Chase announced a $10,000 grant to Climb Wyoming, a nonprofit serving low-income single mothers to help discover self-sufficiency through career training and placement. The contribution will support the nonprofit’s ongoing efforts to support single working mothers in the Cheyenne and Teton area. Specifically, the contribution will support industry training, life and financial skills development, and mental health support to provide economic stability for their households.
“Our business success depends on community success, and we couldn’t be prouder to lend our support,” said Duncan.
JPMorgan Chase & Co. was the presenting sponsor for the Jackson Hole Fall Arts Festival and a proud supporter of the annual celebration of the local arts community.