Bank Consolidations in Chicago

So as you may know Chase bought Washington Mutual to bail them out. Chase has about 340 branches in the Chicago market, more locations than any other bank in the area by a wide margin. WaMu expanded aggressively in the Chicago area in 2003 but made little inroads in gathering deposits. It has 117 Chicago-area branches, giving it the seventh-biggest footprint among area banks. But it ranks 28th in deposit market share, with 0.51 percent of the market. Chase and WaMu have significant overlap in the Chicago area, according to a study done in March by SNL Financial on behalf of the Chicago Tribune. At that time, more than 160 Chase branches were within a mile of at least one WaMu branch."If JPMorgan Chase purchased Washington Mutual, there would be ample opportunity for the combined bank to streamline operations by closing some of the branches," SNL told the Tribune