JPMorgan Chase expands Charlotte commercial banking team

JPMorgan Chase announced Monday that it has added five people to its commercial lending team in Charlotte, giving the New York bank eight employees in the unit.

Two of the bankers came from Bank of America, with the rest from other parts of JPMorgan. The team lends to businesses with more than $20 million in annual sales.

The bank -- which does not have a brick-and-mortar consumer presence in North Carolina -- plans to further hire in the state over the next two years.

“We have made great progress in building a localized team of talented bankers in Charlotte over the last 18 months,” regional president Wayne Trotman said in a statement. “Our bankers have established themselves in this region and we are confident they will help us serve more businesses and institutions here.” 

Joining the commercial lending team:   Andy Nadeau and Jason Lloyd from Bank of America; and Kevin Lander, Todd Rizzieri and Janine Vargo.