Oakworth Capital Bank Announces SouthPark Towers As New Central Carolinas Market Location

Rhea-AI Summary

Oakworth Capital Bank is set to open a new office in Central Carolinas by mid-year 2023, strategically located in SouthPark Towers, Charlotte. The 7,500-square-foot space will enhance services for privately held businesses, professionals, and families. Market Leader Tim Beck emphasized the importance of a central location for client accessibility. The new office aims to reflect Oakworth's consistent branding across its locations. Subject to regulatory approvals, it will function as a full-service branch. Oakworth currently boasts $1.3 billion in total assets and has been recognized as one of the best banks to work for.

Positive

• New office opening in Central Carolinas enhances market presence.
• Strategically located in SouthPark Towers increases client accessibility.
• Consistent branding approach across all locations promotes recognition.
• Strong financial metrics, including $1.3 billion in total assets.

Negative

• None.

CHARLOTTE, N.C., Jan. 30, 2023 /PRNewswire/ -- Oakworth Capital Bank's (Oakworth) (OTCQX: OAKC) Central Carolinas location is expected to open its doors by mid-year and uniquely suits the company's mission to serve privately held businesses, professionals and families in the Charlotte area.

With ease of access for clients and associates in mind, the new office will be situated on the first floor in the SouthPark Towers at 6000 Fairview Road, Suite 125 in Charlotte. The approximately 7,500-square-foot space will accommodate conference suites and offices for Oakworth's clients and associates.

Oakworth's Central Carolinas Market Leader Tim Beck explains, "Calling one of SouthPark's iconic buildings home is a perfect fit for Oakworth, a company building an iconic brand and business model around the Southeast. SouthPark Towers provides great accessibility from multiple entry and exit points, not to mention it has both surface and covered parking.

"Unlike other financial services companies, our business model doesn't incorporate multiple locations within a market. Oakworth associates typically meet our clients at their home or business. When clients prefer to meet in our office, having a strategically convenient and centrally located office is important. The SouthPark area provides the ideal location for clients and associates, and I can't think of a better location."

Cushman & Wakefield represented Oakworth in selecting the property, while CBRE Inc. represented SouthPark Towers PropCo. LLC. Oakworth is currently working with design and architect partner KPS Group to build out the office space. Each Oakworth market location has a nearly identical look and feel, from the bank lobby, to flooring, to art, glass conference rooms and beyond.

Subject to receipt of customary regulatory approvals, the office will operate as a full-service branch. 

Related Media:

• Photos: Central Carolinas Market Leader Tim Beck at SouthPark Towers
• Photo: Inspiration photo of what our Central Carolinas office will look like.
• Video: Inspiration video of what our Central Carolinas office will look like.

About Oakworth Capital Bank

Oakworth Capital, Inc. operates as the bank holding company for Oakworth Capital Bank (Oakworth) (OTCQX: OAKC). Oakworth was founded in 2008 and operates four branches in the Southeast, including its headquarters in Birmingham, Alabama. Oakworth provides commercial and private banking, wealth management and advisory services to clients across the United States.

Oakworth has been named the #1 "Best Bank to Work for" for the past five years in a row (2018-2022) by American Banker. Additionally, Oakworth has earned a Net Promoter Score (NPS) of 96 out of 100 (January 2022 to January 2023) and has a client retention rate of 95% in 2022. As of Dec. 31, 2022, Oakworth had $1.3 billion in total assets, $974 million in gross loans, $1.2 billion in deposits and $1.8 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.

For more information contact:
Sonia Blumstein
Phone: 205-271-2017
Email: sonia.blumstein@oakworthcapital.com

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SOURCE Oakworth Capital Bank

FAQ

What is Oakworth Capital Bank's new location announcement?

Oakworth Capital Bank announced the opening of a new office in SouthPark Towers, Charlotte, by mid-year 2023.

What services will the new Oakworth office offer?

The new office will operate as a full-service branch, focusing on services for privately held businesses, professionals, and families.

What are the financial statistics of Oakworth Capital Bank?

As of December 31, 2022, Oakworth reported $1.3 billion in total assets, $974 million in gross loans, and $1.2 billion in deposits.

When is the expected opening of the new Oakworth office?

The new Oakworth office is expected to open by mid-year 2023.

Who is the market leader for Oakworth's new Central Carolinas location?

Tim Beck is the Central Carolinas Market Leader for Oakworth.