TLDR
- JPMorgan closed more than 50 Trump linked accounts in February 2021.
- Letters were sent on Feb. 19, 2021 to Trump and his businesses.
- The closures followed the January 6 Capitol attack.
- The filings emerged in Trump’s $5 billion lawsuit against the bank.
JPMorgan Chase has confirmed in court filings that it closed more than 50 bank accounts linked to President Donald Trump, his family, and related businesses in February 2021. The disclosures were made as part of a $5 billion lawsuit Trump filed against the bank and its chief executive, Jamie Dimon.
The filings show that the accounts were closed about a month after the January 6, 2021 attack on the U.S. Capitol. The closures also came shortly after Trump’s first term in office ended.
Court Filings Detail Account Closures
According to documents filed in court, JPMorgan notified Trump and the Trump Organization on Feb. 19, 2021 that their accounts would be closed. The letters did not cite a specific reason for the decision.
In one letter, the bank stated that it may “determine that a client’s interests are no longer served by maintaining a relationship with J.P. Morgan Private Bank.” The bank did not provide further explanation in the filings.
JPMorgan Chase has now publicly acknowledged for the first time in court filings that it closed more than 50 bank accounts tied to President Donald Trump, his family, and various Trump Organization businesses (including hotels, housing developments, and retail operations in…
— MartyParty (@martypartymusic) February 22, 2026
The documents became public on Feb. 21, 2026. They were submitted as part of JPMorgan’s request to move the lawsuit from Miami federal court to New York. The bank argued that New York has stronger connections to the dispute.
Context After the January 6 Attack
Several companies and organizations cut ties with Trump after the Capitol attack. The riot occurred on Jan. 6, 2021, when supporters breached the Capitol building in Washington.
Two law firms that had represented Trump and the Trump Organization ended their relationships. The PGA of America also removed Trump’s Bedminster, New Jersey golf club from hosting the 2022 PGA Championship.
JPMorgan’s account closures took place during this period. The letters were sent about six weeks after the attack. The filings do not state that the riot was the reason for the bank’s action.
Legal Dispute and Claims
Trump has accused JPMorgan of violating its own policies and of targeting him for political reasons. He claims the bank caused financial harm by closing the accounts.
A spokesperson for Trump’s legal team said the disclosure of the letters is “a devastating concession that proves President Trump’s entire claim.” The spokesperson added that the bank admitted to “unlawfully and intentionally de-banking President Trump, his family, and his businesses.”
JPMorgan has said in earlier statements that Trump’s lawsuit lacks merit. A spokesperson for the bank did not respond to requests for comment following the latest filings. Attorneys for the bank at Jones Day also did not comment.
Effort to Move Case to New York
The latest court documents were filed as part of JPMorgan’s motion to transfer the case to New York. The bank stated that the dispute has stronger ties to that jurisdiction.
“The overwhelming connections this dispute has to New York reinforce this result,” JPMorgan said in its motion. The bank seeks to have the matter heard there instead of in Miami.
The case remains ongoing. The newly released filings mark the first time JPMorgan has publicly acknowledged in court that it closed more than 50 accounts linked to Trump and his businesses in February 2021.
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