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Chase Opens its First "Green" Bank Branch in U.S.

Submitted by: JPMorgan Chase & Co.

Categories: Green Building

Posted: Aug 03, 2007 – 02:33 PM EST

 

Environmental issues dictate choices - From ceiling tiles made from recycled material down to bamboo floor

DENVER,CO - August 3, 2007 - Reflecting its worldwide focus on the environment, Chase has opened its first "green" bank branch, incorporating features from Energy Star office equipment, appliances and lighting to a comprehensive recycling program and even a branch manager who bikes to work.

The branch at Wynkoop and 16th Street in Denver's LoDo District is Chase's first branch constructed under Leadership in Energy and Environmental Design guidelines, and will be followed soon by four more – one in Colorado and three in Texas.

"Our Denver branch shows how we can respect the environment without compromising on serving our customers exceptionally well," said Todd Munson, president of Chase in Colorado. "In fact, many customers won't even notice because so many initiatives were incorporated into the construction."

Among the distinct green building practices are:

Behind the scenes elements like paints with low volatile organic compounds, specially sealed ductwork and state-of-the-art plumbing.

Top to bottom finishes such as recycled-material carpet and ceiling tiles and environmentally conscious bamboo flooring.

Choosing a location near Denver's mass transit hub to support customers and employees who use alternative modes of transportation.

Comprehensive recycling that began with construction waste and continues with green cleaning products and use of recycled paper.

"Many of those efforts are subtle, but they will make a real impact on reducing our environmental footprint and having a positive effect on the community," said Peter Smith, the branch’s manager who bicycles 10 miles to work each day and can now shower at the office. The branch, not coincidentally, is in the Environmental Protection Agency's new building.

JPMorgan Chase, Chase's parent company, also is taking an environmentally friendly approach to both the renovation of its 48-story New York City headquarters and a new skyscraper planned for the World Trade Center area in downtown Manhattan.

Both New York projects, as well as the branches in Colorado and elsewhere, will seek the prestigious LEED certification for leadership in energy and environmental design. No other bank branch in Colorado has achieved LEED status to date.

The grand opening celebration for the branch at Wynkoop and 16th St. is from 5-7 p.m. Thursday and will feature branch tours, a sweepstakes to win a commuter bike and giveaways of organic cotton tote bags. Chase also will present a $15,000 check to Volunteers for Outdoor Colorado, a statewide organization supported by both Chase volunteers and company philanthropy.

"Chase demonstrates its constant care for Colorado as one of our steady supporters," said Ann Baker Easley, executive director of Volunteers for Colorado. "Chase is making a statement that big business is embracing its role in environmental sustainability."

About JPMorgan Chase & Co.

Chase serves customers in Colorado through more than 80 branches and 105 ATMs, nearly double its distribution just five years ago. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.

For more information, please contact:

Mary Jane Rogers JPMorgan Chase & Co.
Phone: 602-221-4878
Phone 2: 602-332-1215

For more from this organization:

JPMorgan Chase & Co.

 

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