Capital Bank moves Charlotte executives to SouthPark office

Reposted from the Charlotte Business Journal // 10/18/2018

Capital Bank is moving its executive team in Charlotte to new offices at Two Piedmont Town Center in SouthPark.

Capital will lease an extra 23,175 square feet on the fourth floor along with the 4,784-square-foot space it already leases on the first floor. The new office will house commercial, retail, private and business banking services.

Employees expect to be fully relocated by the end of the first quarter of 2019.

“This larger office affords us room to grow, while still maintaining our focus of providing the resources of a regional bank with a local, community feel,” says Larry Hughes, Charlotte market president.

Other members of the Charlotte-based executive team include Terry Dolch, head of the Charlotte metro team, and Rick Manley, mid-Atlantic region president. The team was operating out of offices on East Morehead Street.

The formerly Charlotte-based Capital Bank is a subsidiary of Memphis, Tennessee-based First Horizon National Corp. (NYSE: FHN), which is also the parent company of First Tennessee Bank. First Horizon acquired Capital Bank Financial Corp. in a $2.2 billion deal that closed Dec. 1, 2017.

Capital Bank has plans for solid growth in Charlotte, First Horizon Chief Executive Bryan Jordan told me in August. An office move fits into those plans.

“The growth is going to be an organic effort. It’s going to be about growing relationships through delivering a broader and broader product set, and it’s going to be about hiring talented bankers,” he said.

Luke Denny and Bradley Rice of Fischer & Co. and Ann-Fleming Powell of Trinity Partners represented Capital Bank in the lease transaction. Campbell Walker of Lincoln Harris represented landlord Principal Real Estate Investors.