One could certainly make that case, consider this when you exit I-440 onto Six Forks going North: within just two miles you’ll find corporate headquarters, campuses for five major banks plus bank branches for PNC, BB&T and Yadkin Bank. Tara Robbins Executive Director of Midtown Raleigh Alliance says part of the appeal is the desire to be part of a vibrant community where their employees can live, work and play and Midtown offers all of that.
The First Citizens Bank campus includes its corporate headquarters as well as a bank branch. FCB relocated its headquarters from Fayetteville Street in 2007.
On St. Albans is the headquarters of Coastal Federal Credit Union. Last month they made big news for their partnership with Live Nation that secured them the naming rights to the Triangle’s largest amphitheater. It will now be called Coastal Credit Union Music Park at Walnut Creek.
The Captrust Tower named for Captrust Financial Advisors, who relocated their corporate headquarters to Midtown in 2009, occupy the top two floors of the building (about 51,000 square feet of retail space).
The Bank of America Tower will house one of downtown Raleigh’s largest conglomerates of banking and financial service firms, including Bank of America, Merrill Lynch and U.S. Trust. The group is pulling most of their employees and operations from towers downtown to be in Midtown. The trio will occupy 57,000 square feet.
North State Bank was one of the first financial institutions to relocate to Midtown. Headquarters relocated to an outparcel at North Hills in 2004 and later expanded again with a larger building at Falls of Neuse and Spring Forest.
SunTrust Bank will be consolidating much of its financial services team in Raleigh on the 10th floor of the Midtown Plaza when it opens next month.