2 4 8 10 12 11 9 1 5 13 6 3 3 7 2 4 3 1 5 Carver Bancorp Carver State Bank and Citizens Trust Bank CityFirstBroadway 29 First Independence Bank Harbor Bank of Maryland 6 8 7 10 9 Industrial Bank Liberty Bank M&F Bank Optus Bank Rio Bank and Unity National Bank 12 11 13 State-based City-based Southern Bancorp Sunstate Bank Unity National Bank DOUBLING DOWN ON OUR COMMITMENT TO CDFIS AND MDIS MDIs and CDFIs provide vital financial services in communities that are often underserved. Through small business loans, commercial financing, mortgages and more, these institutions supply capital to fuel economic growth and, in the process, play an essential role in helping individuals in these communities build wealth. In order to do so, however, many MDIs and CDFIs need additional capital themselves. Through our Racial Equity Commitment, our Firm is working to strengthen minority-owned and diverse-led MDIs and CDFIs by providing additional access to capital, connections to institutional investors, policy advocacy, support for diverse- led commercial projects and mentorship and training opportunities. When we announced our Racial Equity Commitment in 2020, we pledged to invest up to $50 million over five years in the form of capital and deposits in Black, Hispanic and Latino-owned MDIs and diverse-led CDFIs. By the end of 2021, we had invested more than $100 million of equity in 15 diverse-owned and -led MDIs and CDFIs that serve more than 89 communities across 19 states and the District of Columbia. This additional capital will help these institutions hire staff, invest in technology enhancement and expand into new markets. According to the FDIC, every dollar of equity capital invested in MDIs can increase MDI lending by eight to ten times – meaning our Firm’s $100+ million investment could generate access to as much as $1 billion in community lending across the nation, helping to create wealth, grow local businesses and improve customers’ experiences in those communities. 27 JPMor gan Chase provides holistic support for CDFIs, mobilizing different parts of the Firm to supply financing ranging from philanthropic and flexible capital to debt. The Firm also provides resources and technical assistance, which includes direct pro bono consulting support through its Service Corps program. In 2021, the Firm provided over $500 million in financing to CDFIs to support over 100 loan funds specializing in community development. We look for ways to build on our partnerships with CDFIs. JPMorgan Chase invested in over $550 million of New Market Tax Credit project financing in 2021, the majority of which was in partnership with CDFIs. Lending our Expertise to Help Liberty Bank Expand its Reach In 2021, a team of JPMorgan Chase employees spent four months putting their skills and expertise to work to help Liberty Bank strengthen its capacity to serve more customers. Founded in 1972 and based in New Orleans, Louisiana, Liberty Bank has grown to be one of the largest Black-owned banks in the U.S., with a presence in nine states. Through the JPMorgan Chase Service Corps – our skills-based volunteer program – the team helped develop a comprehensive customer acquisition strategy, along with enhancements to digital tools. This is just the latest in our Firm’s relationship with Liberty, which began in 2019 through the U.S. Department of the Treasury’s Bank Mentor Protégé Program. As a protégé bank, Liberty was provided with support to address gaps that impeded its ability to further financial inclusion within underserved communities. In early 2021, we made a multi-million dollar investment in Liberty as part of our over $100 million investment to diverse financial institutions through the Racial Equity Commitment. Empowering Change In 2021, J.P. Morgan Asset Management launched Empowering Change, which supports minority- and diverse-led financial institutions with the ability to develop new and reoccurring revenue opportunities by offering an exclusive money market share class to their institutional clients. At the same time, corporate investors gain access to these institutions to support their ESG-related investment goals. In addition, J.P. Morgan Asset Management has committed to an annual 12.5% donation of gross revenue received from the management fees on the Empower share class to support community development. 28 In 2021 , J.P. Morgan Asset Management’s garnered over $5 billion within the Empower Share Class’s assets under management. In its inaugural year, the Empowering Change initiative expanded its reach and impact across more communities by doubling the number of MDI banks it partners with, from four to eight. Investing in MDIs and CDFIs across the U.S. 27 Source: https://www.fdic.gov/regulations/resources/minority/mission-driven/guide.html 28 The annual donation will be made for the life of the Empower share class to the Empower and Community Development Fund, a Donor-Advised Fund administered by the Chicago Community Trust, that is committed to supporting community development to expand opportunities within underserved communities. 29 Formerly Broadway Federal Bank and City First Bank, which merged in 2021; Washington, D.C. and Los Angeles-based. 42 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES