Union Bank & Trust expanding Richmond-area footprint
Union Bank & Trust is expanding its Richmond-area footprint, while consolidating from three to two corporate locations.
Union is increasing the square footage of its Richmond offices by 20,000 square feet in six major phases.
The bank currently has offices downtown in the James Center and in Henrico County’s west end at 4355 Innslake Drive in Innsbrook and at 3900 Westerre Parkway. By May 2019, the bank plans to vacate the location on Westerre Parkway.
The bank said the move will help integrate Union and former employees of Xenith Bank, following the merger earlier this year. It also will accommodate anticipated future growth, including expansion of the bank’s enterprise data warehouse and digital strategy teams.
The first three phases of the reorganization are expected to be complete by the end of 2018.
In the first phase, 125 employees moved this week to the third floor of the building in Innsbrook.
By November, 80 employees will be moving to the 8th floor of James Center Tower 3. This will include commercial, business banking, treasury and some of the wealth management department.
In addition, 90 employees will move to the first floor of the Innsbrook location.
Photo courtesy Union Bank & Trust.