JPMorgan Chase & Co. plans to add as many as 225 branches this year to its 5,280-store network as it aggressively grows in Florida and California, Charlie Scharf, the chief executive of the New York company's retail financial services, said Tuesday.

JPMorgan Chase may build as many as 2,000 over the next five years as it takes advantage of the momentum from its 2008 purchase of Washington Mutual, which extended its reach into California and Florida, Scharf said in a presentation at the company’s investor day in New York. The company opened 154 branches in 2010.

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