JP Morgan opens new office

JP Morgan, the second-largest employer in the state, has opened a Middle Market Banking Office in Wilmington to serve mid-sized businesses and institutions statewide.

The office will offer credit, cash management, capital markets and corporate finance advisory solutions to businesses with $10 million to $500 million in annual sales.

“More than half of U.S. publicly traded companies and 64 percent of the Fortune 500 make Delaware their home, and opening a Middle Market Commercial Banking office in Delaware was the next step in our firm’s commitment to operations in the state,” Mark Schrieber, executive director of Chase Middle Market Banking in Pennsylvania, Delaware and southern New Jersey