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National City to move Wisconsin HQ to downtown Milwaukee
Published August 7, 2008 - BizTimes Daily
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Cleveland, Ohio-based National City Corp. plans to move its Wisconsin headquarters from Brookfield to the 411 East Wisconsin Center building in downtown Milwaukee.
The bank will occupy 22,500 square feet of space in the downtown building, including 12,500 square feet of space for a new retail branch on the first floor.
"The move to 411 East Wisconsin Center, located in the heart of downtown Milwaukee's business district, demonstrates National City's commitment to becoming one of Wisconsin's leading financial institutions," said Beth Wnuk, president of National City-Wisconsin Banking. "Combining our existing Milwaukee operations into a downtown headquarters provides a dramatic and visible base to grow marketshare and strengthen the connection between our employees and their customers. We want to invest in the region's future and be a part of its success. Our goal is not to be just another bank in greater Milwaukee, but to be a vital community and economic partner in the development and growth of our community."
National City also announced that it will expand its greater Milwaukee market presence by adding approximately 11 new locations over the next three years to its current branch network of 24 banking centers, which it obtained with the acquisition of MAF Bancorp Inc. in 2007. MAF had acquired St. Francis Capital Corp., the former parent company of St. Francis Bank, in 2003.
National City's first new, full-service local branch, expected to open in October 2008, will be the one located on the first floor of the bank's new headquarters in downtown Milwaukee. The downtown branch will house a lobby ATM and will have 12 employees providing traditional banking services for consumers and businesses, specialized services such as private banking and wealth management, investment services and an additional 12 employees providing residential mortgage services.
National City's branch expansion plan will add an estimated 60 new jobs over the next three years throughout the region, the company said.
"Milwaukee's population continues to grow, and with it, the financial service needs of those households - financial services needs and expectations we believe are a good match for the services National City offers," Wnuk said.
