CHARLOTTE, N.C. – Regions Bank and developer Portman Holdings announced today that Regions will relocate several of its Charlotte-area business groups into approximately 63,000 square feet of office space in the 615 South College building currently under development by Portman in Uptown Charlotte.
The modern facility will house executives and associates from Regions Bank’s Capital Markets division, Specialized Industries group, Real Estate Banking division, Corporate and Commercial Banking groups, Consumer Lending division and other lines of business.
“This relocation will give Regions a highly visible presence in Uptown and state-of-the-art office space that will support our long-term, continued growth in Charlotte,” said John Turner, head of Regions Corporate Banking. “Further, we’re designing our space within 615 South College to increase interactions among Regions’ diverse range of business groups. The additional collaboration provided by this space, along with our top-level talent and leadership, will position Regions well to reach even more clients in the Charlotte market and beyond.”
Regions has steadily expanded its Corporate Banking presence and additional lines of business in the Charlotte market over the last five years. Currently, the company has nearly 200 associates spread among several facilities in the area.
“Bringing our business groups together into one modern facility will support our focus on taking a holistic approach toward serving clients,” said Michelle Walters, Area President for Regions Bank. “Our teams are focused on working across lines of business to ensure Regions is taking a complete view of our clients’ complex financial needs. This relocation into one facility will help us deliver financial solutions that are developed through even greater teamwork and expertise, along with a wealth of experience in the Charlotte market.”
615 South College will be a 370,000 square-foot facility prominently positioned at Uptown Charlotte’s first light rail stop at Stonewall Station. In addition to light rail access, the building will offer convenient access to nearby freeways and Uptown’s many amenities, including professional sports arenas, parks, the Charlotte Convention Center and the Portman-developed-and-owned Westin Charlotte.
“Another benefit of this brand-new facility is it will help Regions continue to recruit and retain top-tier banking talent here in Charlotte,” added Terry Katon, Charlotte-based head of Capital Markets for Regions. “This is the result of years of planning, and it’s the next step in a long-term strategy to grow our business in a way that meets the needs of an expanding list of clients. Charlotte has some of the best bankers in country who serve clients across the United States. We already have many of those bankers here at Regions; this facility will help us recruit even more.”
“Regions has been a great partner to us in our development projects, and we are delighted to extend and grow the relationship,” said Ambrish Baisiwala, CEO of Portman Holdings. “We are honored that Regions has entrusted us with the relocation of their business groups in Charlotte and look forward to seeing them thrive in the 615 South College space.”
Most of Regions’ Charlotte-area associates will relocate to 615 South College as soon as 2017, while other associates will continue to serve Regions’ retail banking customers at existing branch locations in the area.