Wells Fargo & Company is growing its retail branch footprint in the greater Chicago area as part of a $175 million commitment to the region. The company plans to increase its presence from seven to at least 30 branches in the coming years, and the new retail banks will create nearly 200 job opportunities.

The first of the new branches will open in mid‑November in downtown Chicago. Wells Fargo will also open branches in the Bronzeville and Bridgeport neighborhoods, which are historically underinvested areas.

“We are excited to expand our branch network in Chicago,” said Wells Fargo CEO of Consumer, Small & Business Banking Saul Van Beurden. “Our investment in Chicago branches along with our mobile and online offerings allows us to increase accessibility for our customers. We are committed to Chicago and look forward to creating stronger relationships within the local communities.”