US Bank opens its largest local branch amid ongoing expansion

Charlotte Business Journal
·1 min read

U.S. Bancorp held a grand-opening celebration Wednesday for its new flagship branch in SouthPark — another step in its local retail expansion initiative. It anticipates adding two more Charlotte-area stores later this year.

The 4,964-square-foot branch is at 4525 Sharon Road — and it is U.S. Bank’s largest one in the local market. It is a full-service branch, providing resources in consumer banking, mortgage, wealth management and small-business services. The store currently houses five employees.

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“The SouthPark area is really special. It’s vibrant,” said Ashley Cumberbatch, U.S. Bank’s North Carolina branch banking market leader, who is based in Charlotte. “There’s a large residential area, and it’s also very important for businesses. So, this gives us an opportunity to touch even more individuals in small business.”

U.S. Bank’s SouthPark branch opening is a part of the institution’s 2019 pledge to add 10 branches in the Charlotte area in the coming years.

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