Just how deep does the business of the city's largest private employer go in Columbus and Ohio?

The answer: about 4 million savings, checking and credit card accounts in the state; 4,800 large and midsized business clients in Ohio - an increase of more 70% from 2019 - about 150 government, higher education, healthcare and nonprofit clients throughout the state; and more than 20,000 employees statewide who earn an average wage of $96,000 plus a benefits package totaling $15,000.

JPMorgan Chase & Co. CEO Jamie Dimon laid out on Tuesday the state's importance to the bank in his widely anticipated, lengthy annual shareholder letter in which Dimon talks about everything from Chase's finances to the two recent big bank failures to the war in Ukraine and how it affects the global economy.

Broken out within that letter, was a chunk about Ohio's operations and how it works into the bank's efforts when it comes to diversity, equity and inclusion. It was the only state that Dimon called out in his letter.

The bank said its history in Ohio dates to 1812. Only New York state (29,500 workers) and Texas (26,400) have more workers. The McCoy Center at Polaris employs 10,000 Chase workers.

"When JPMorgan Chase does business in a community, we do more than just open branches," Dimon said in the letter. "We lend to small, midsized and big businesses; we hire, pay well and provide great benefits; and we finance hospitals, schools, grocery stores, homes, automobiles and governments. For more than 200 years, this approach has enabled us to make investments that have a lasting impact on local economies, families and neighborhoods while also supporting them in good and challenging times."

Chase said that it has provided $9 billion in credit and capital over the past five years to the 150 government, higher education, healthcare and nonprofit clients. Those clients include University Hospitals Health System based in northeast Ohio, the Ronald McDonald House in Columbus and the University of Dayton.

Chase said it is the primary bank for the city of Columbus and that it serves as the bank for nearly 50 counties, cities and school districts across Ohio. Ohio State University also is a client.

The 4,800 large and midsized clients the bank has in Ohio includes middle market companies owned by veterans, women, LGBTQ+ individuals and people of color.

The bank's national $30 billion racial equity commitment includes more than $260 million in spending across the state. Of that, $163 million has been used for loans for Black, Hispanic and Latino households to buy or refinance a home and $12 million spent on Black, Hispanic and Latino suppliers.

The bank helped more than 160,000 small businesses in 2022 and the bank held $37 billion in consumer checking and savings account deposits in 2022.

The bank's more than 20,000 workers in Ohio include 2,000 veterans and 500 people with a criminal background.

Beyond those workers, the banks supports 3,200 contractors in its branches and offices in Ohio.

In Ohio, the bank's lowest starting wage is $41,000.

mawilliams@dispatch.com

@BizMarkWilliams

This article originally appeared on The Columbus Dispatch: CEO letter highlights Chase's vast presence in Ohio