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In an increasingly digitized banking era, JPMorgan Chase (JPM) is looking to plant more brick-and-mortar roots. The firm announced plans to hire 75 community managers and expand its network of senior business consultants from 35 to 38 cities by the end of the year.

In addition, according to The Wall Street Journal, CEO Jamie Dimon has plans to open nearly 100 new branches in low-income areas across the country. These locations will not only serve as neighborhood banks, but will also include spaces where the public can attend small business and financial education workshops organized and run by JPMorgan.

Wealth! Host Brad Smith reports more on the story and breaks down why more banks are looking to physically expand.

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This post was written by Melanie Riehl