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Bank of America shifting workers out of two uptown offices in latest consolidation move

Bank of America is relocating employees from two uptown buildings to other nearby locations in Charlotte where work groups will be consolidated so they can better work together, a spokesman confirmed Wednesday.

Leases for the Charlotte-based bank are expiring at both locations, according to the bank.

The first change is coming in September at 901 W. Trade St., where the bank occupies a 242,820-square-foot office space, according to the Charlotte Business Journal, which first reported the news. Bank of America’s other lease of 316,751 square feet at the Fifth Third Center is expiring in July 2025, according to the financial institution.

Bank of America would not disclose the total number of employees that will be impacted by the changes.

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The bank will continue to have a corporate presence at several uptown spaces, the spokesman said.

After the leases expires, employees will be sent to those locations. This includes 1 Bank of America Center, 150 N. College St.; 401 N. Tryon St.; Bank of America Tower at Legacy Union, 620 S. Tryon St.; and Gateway Village, 800 W. Trade St.

Changes are not being made at the corporate headquarters building at 100 N. Tryon St.

Bank of America is relocating employees from two uptown buildings to other nearby locations in Charlotte The Bank of America Corporate Center, seen here, is not impacted by the moves.
Bank of America is relocating employees from two uptown buildings to other nearby locations in Charlotte The Bank of America Corporate Center, seen here, is not impacted by the moves.

Cousins Properties, landlord for Fifth Third Center, is planning to make amenity changes after the bank leaves, CBJ reported. Foundry Commercial leases the office property.

No jobs are being cut because of the moves, according to the bank.

More than 19,000 people are employed in the Charlotte region, part of 213,000 workers across its company. As of June, it had $2.4 trillion in assets, and was the second-largest bank in the United States.

Other big bank worker consolidation moves

Bank of America is not the only big bank in the city that’s consolidating workers.

Early last year, Wells Fargo announced it was consolidating its uptown office space and moving most of its workers out of One and Two Wells Fargo Center and into two other office towers. One of the of the buildings it was leaving behind had served as an East Coast hub for the bank and its predecessor for nearly four decades.

The San Francisco-based bank has its largest employment hub in Charlotte, with more than 27,000 workers in the area.