IBOS member US Bank is expanding its retail banking presence to Charlotte, North Carolina.
Retail banking expansion complements an already strong US Bank presence in Charlotte, which is home to roughly 800 employees across several business areas, including Corporate & Commercial Banking, Investment Services, Risk & Compliance and Mortgage.
The first branch will be located be at 201 S. Tryon Street in the historic Uptown area of Charlotte, located close to US Bank’s corporate offices. US Bank is currently planning to open approximately 10 branch locations by the end of 2020. Charlotte represents the first US Bank branch in North Carolina and will be the 26th state where the bank operates a retail banking presence.
The Tryon Street branch is expected to open in the fourth quarter of 2019.
In addition to entering Charlotte, US Bank is undertaking a re-investment program in its existing core markets that will result in approximately 60-80 new, re-located or re-designed branches by the end of 2020. US Bank also continues to explore future market expansion in states, such as Florida, Georgia and Texas, where it has concentrations of employees and customers through its national mortgage, auto and credit card programs.
To complement its physical location optimisation and core market re-investment programs, US Bank continues to expand its digital capabilities. The Bank recently launched a re-designed mobile app aimed at creating an industry-leading experience with more seamless integration for customers between in-branch and mobile banking, including personalised account notifications.
Read the full press release via US Bank here.