The Spokane center, acquired from Fireman's Fund Insurance Co. in 1988, now handles all Bank of America Visa and Mastercard relationships with merchants and commercial customers. Credit card operations make up roughly 15 percent of Bank of America revenues.
Projected growth in merchant and commercial relationships will mean likely additions in the future to the 520 people now working at the Spokane center, Bank of America's Todd Rosin tells GlobeSt.com.
Rosin says he can't release too many details at this time because not that many have been decided. He will say, however, that the company is exploring whether it can reconfigure the layout of the existing building to squeeze in more people, or rather look for new space, either for everybody or only the new employees.
"Obviously moving everybody would be difficult," Rosin says. "We want to stay in Spokane, and we actually have a lot of options here."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.