JPMorgan Chase & Co. notified President Donald Trump and his hospitality business in February 2021 that it would close their bank accounts, according to newly disclosed letters filed in Trump's $5 billion lawsuit against the bank. The letters, dated Feb. 19, 2021, did not specify a reason for ending the relationship, though JPMorgan stated it may determine that a client's interests are "no longer served" by maintaining a relationship with its private banking unit.

Several companies and organizations distanced themselves from Trump in the weeks following the Jan. 6, 2021 attack on the U.S. Capitol, including law firms and the PGA of America, which withdrew a planned championship event from Trump's golf club in Bedminster, New Jersey. Trump alleges JPMorgan singled him out for political reasons, accusing the bank of violating its own policies by closing accounts tied to him, his family and related businesses.

The disclosure of these letters supports Trump's claims that the accounts were improperly terminated, according to a spokesperson for his legal team. JPMorgan has previously stated the lawsuit is without merit and is seeking to move the case from Miami federal court to New York, arguing the dispute has stronger ties to New York.