Truist is vacating two offices in west Charlotte. Here’s where employees will move
Truist is closing up shop at two office buildings in west Charlotte and moving employees to its namesake tower in uptown.
The bank is vacating two corporate offices between Tyvola Road and Billy Graham Parkway near the airport, a Truist spokesman confirmed Friday afternoon. The employees will move to Truist’s uptown headquarters to “create more opportunities for connection and collaboration.”
The move, first reported by The Charlotte Ledger, will allow employees to take advantage of “modern, flexible” office space at the bank’s Tryon street headquarters, the spokesman added.
Truist predecessor BB&T bought the buildings in 2018. At the time, the bank told The Charlotte Business Journal it planned to house up to 800 employees there.
Bank representatives declined to say how many employees work in the two offices now, though it said the buildings housed multiple business lines.
The spokesman said Truist is “exploring options” for the property, but hasn’t announced any plans.
Winston-Salem-based BB&T merged with SunTrust in 2019 to form Truist, now the 7th largest bank in the country. The bank picked Charlotte for its headquarters and shortly after, bought the former Hearst Tower in uptown.
Workplace changes at Truist
Unlike its uptown neighbor Bank of America, Truist embraced a hybrid work model earlier this year, with CEO Bill Rogers telling investors during an earnings call the new way of working was “here to stay.”
The bank offers three ways of working — office-based, hybrid and fully remote, which vary by job type and team. Employees work with their manager to determine their work style.
Truist recently completed a major upgrade to its headquarters with the unveiling of a new innovation and technology center. It’s a 100,000-square-foot facility designed to fuse tech and finance.
The bank has also grown its headcount here. Last summer, the bank had about 2,700 employees in the greater Charlotte region. Currently, there are more than 3,000 on staff.
It’s the metro area’s second-largest bank by deposits, holding about 16% of the local market.
This story was originally published August 29, 2022 at 1:02 PM.
