JPMorgan Chase admitted in a recent court filing that it closed accounts belonging to President Donald Trump in February 2021, weeks after the Jan. 6 Capitol unrest. The disclosure came as part of Trump’s lawsuit against the bank and its CEO, Jamie Dimon.

According to reporting by Associated Press, JPMorgan’s former chief administrative officer, Dan Wilkening, wrote in the filing that the bank informed Trump and related entities that certain accounts in its private and commercial banking divisions would be closed.

Trump’s 26-page complaint alleges the bank “debanked” him for political reasons in the aftermath of Jan. 6, when he was contesting the results of the 2020 election. His attorney, Alejandro Brito, argued the decision reflected “political and social motivations” and accused the bank of adopting “woke” positions that required distancing itself from Trump and his supporters.

JPMorgan has dismissed the lawsuit as meritless. But critics argue the admission undercuts claims that the closures were routine or purely risk-based decisions. The case has intensified scrutiny over whether major financial institutions are using access to banking services as leverage against customers based on political views.

Republican lawmakers have repeatedly accused large banks of targeting conservatives and right-leaning organizations. The Trump Organization previously sued Capital One over the closure of more than 300 accounts following Jan. 6, alleging similar political discrimination.

In a statement cited by the AP, Trump’s attorneys called JPMorgan’s filing a “devastating concession,” asserting that the bank unlawfully and intentionally harmed Trump, his family, and his businesses. They framed the lawsuit as part of a broader fight against what they describe as politically motivated financial exclusion.

The case now moves forward as Trump seeks damages and a formal acknowledgment that the closures violated contractual and legal obligations, setting up a potentially significant clash between a former president and one of the nation’s largest financial institutions.