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As of March 2021 the bank had 400 employees across their 26,710 square feet (2,481 m 2) of space in the building. Going forward the bank will utilize a hybrid work model. [17] In September 2021 U.S. Bancorp agreed to buy MUFG Union Bank. However, MUFG stated that Charlotte will continue to be an important hub for operations and technology. [18]
As of 2021 Uptown Charlotte employs 120,000 people [48] across 33 million square feet of office space, [1] hosts more than 18 million visitors a year, and is home to 35,000 residents. [1] [49] Charlotte is the second largest banking center in the country behind New York City.
The new space could hold 1,500 employees spread across two trading floors. It became the bank's largest hub for the bank's investment banking and capital markets division. [18] Wells Fargo has announced it would exit its lease at One Wells Fargo Center at the end of 2021. Currently it is the largest tenant with 500,000 square feet (46,000 m 2).
Ohio-based Huntington National Bank is expanding into the Carolinas with dozens of retail branches and about 350 jobs, including Charlotte, where three major banks dominate.
In March 2022, the bank closed five Charlotte-area branches because of overlap following the BB&T and SunTrust merger that formed Truist in 2019. In total, Truist planned to close 800 branches .
The bank will move in phases in August 2020 and lasting until June 2021. [32] The bank plans to have as many as 2,000 in the building. [28] Truist has announced that the Charlotte innovation center planned to bring technology, legal, and accounting staff together with its clients, [33] will be located in the building. As of December 2020, it ...
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In major cities, financial districts often host skyscrapers and other buildings of architectural importance and are called financial centres; such major centres also include important financial utilities such as stock exchanges and the offices of the main financial regulatory authorities.