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Chase Bank to raise pay for more than 1,000 employees in Arizona

(AP Photo/Mark Lennihan, File)

PHOENIX — More than a thousand employees with J.P. Morgan Chase in Arizona will see a wage increase, thanks to a $1.5 trillion tax overhaul that was signed into law last month.

The company recently announced a five year, $20 billion investment to support local job and economic growth nationwide.

A majority of the employees who will see a wage increase will be in teller and customer service positions, according to Trish Wexler with Chase.

Those employees will receive a pay bump of $15 per hour. More than 800 of the 1,060 employees who are expected to see a pay raise will be in the Phoenix area. It will go into effect on Feb. 25.

“We want to attract and retain the very best employees that we can have in what is a pretty competitive market,” Wexler said.

In addition, she said, the company will also be hiring 500 lending advisers and banking specialists to “help extend lending in those communities.” However, Wexler did not specify where those jobs would go.

KTAR News’ Jeremy Foster contributed to this report. 

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