CHARLOTTE, N.C. - The proposed merger between BB&T and SunTrust has selected Hearst Tower for its Charlotte headquarters.
The combined bank will lease 561,000 square feet at the North Tryon office tower. Its lease agreement includes a 15-year term at the 970,000-square-foot building in uptown, ultimately backfilling what is currently office space for Bank of America (NYSE: BAC), as well as an option to buy the tower from Cousins.
The space could house up to 2,000 people in the future, the bank said.
Winston-Salem-based BB&T Corp. and SunTrust Banks Inc. out of Atlanta are expected to merge later this year, a deal valued at $66 billion that would create one of the nation’s largest banks. It will be based in Charlotte.
“We’re excited because we really think we can redefine the client experience and really create a meaningful change in the community. This is all about creating a smaller and easier client experience by really combining technology and the human connection, and thereby creating a high level of trust,” said BB&T Chief Executive Kelly King.
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