© 2026 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Japanese bank SMBC Group selects Charlotte for second U.S. headquarters

Gov. Josh Stein speaks in Charlotte on Tuesday, April 7, where Japanese bank SMBC Group has chosen the city for its second U.S. headquarters, bringing about 2,000 jobs and a $50.5 million investment.
City of Charlotte
Gov. Josh Stein speaks in Charlotte on Tuesday, April 7, where Japanese bank SMBC Group has chosen the city for its second U.S. headquarters.

A major business announcement in Charlotte today: Japanese bank SMBC Group says it has chosen the city for its second U.S. headquarters, bringing about 2,000 jobs and a $50.5 million investment.

North Carolina Gov. Josh Stein celebrated the announcement in a news conference at the Foundation for the Carolinas in uptown.

"Just in case the folks didn’t hear that in the back — that’s 2,000 good paying jobs and a $50 million investment," Stein said.

The bank says the new positions will pay an average salary of $165,000 a year.

Hiro Otsuka, CEO of SMBC Americas, said Charlotte beat out Jacksonville, Florida, for the project.

"This is a significant, long-term commitment — one that reflects our confidence in this region, and our plan to build lasting roots here," Otsuka said.

SMBC's current U-S headquarters is in New York City. The company could receive more than $72 million in government incentives if hiring and investment goals are reached.

Nick de la Canal is a host and reporter covering breaking news, arts and culture, and general assignment stories. His work frequently appears on air and online.