Bank Documents Show JPMorgan Closed Trump Accounts Month After Capitol Riot

Newly released court documents reveal that JPMorgan Chase terminated Donald Trump's banking relationships in February 2021, approximately one month following the January 6th Capitol attack. The disclosure comes as part of Trump's $5 billion lawsuit against the financial institution and its CEO.

Court documents made public Friday reveal that JPMorgan Chase terminated its banking relationships with Donald Trump and his hospitality company in February 2021, roughly one month following the January 6th Capitol riot.

The disclosure emerged from paperwork filed in connection with a $5 billion legal action Trump has brought against the financial giant and its chief executive, Jamie Dimon.

Following the January 6, 2021 Capitol incident involving Trump supporters, numerous organizations severed their business relationships with the former president. These included two legal firms that had provided representation to Trump and his company, as well as the PGA of America, which relocated the 2022 PGA Championship away from Trump’s Bedminster, New Jersey golf facility.

The February 19, 2021 correspondence from JPMorgan to Trump and the Trump Organization did not specify particular reasons for terminating the accounts. One communication stated that the institution may occasionally “determine that a client’s interests are no longer served by maintaining a relationship with J.P. Morgan Private Bank.”

JPMorgan representatives and their legal counsel at Jones Day did not provide immediate responses to requests for comment. The financial institution has previously characterized Trump’s legal action as without merit.

A representative from Trump’s legal team described the letter revelations as “a devastating concession that proves President Trump’s entire claim.”

The banking institution has “admitted to unlawfully and intentionally de-banking President Trump, his family, and his businesses, causing overwhelming financial harm,” according to the Trump legal team spokesperson.

In his lawsuit, Trump alleges that JPMorgan, America’s largest banking institution, violated its established procedures by targeting him specifically to follow the “political tide.”

Friday’s filing of the account termination correspondence was part of JPMorgan’s effort to transfer Trump’s legal case from Miami federal court to New York.

“The overwhelming connections this dispute has to New York reinforce this result,” the financial institution stated in its court motion.