Bulk of Bank of America’s downtown buildings on the sales block
Published reports from the Delaware Business Times and the News Journal indicate Bank of America is putting two of its downtown Wilmington buildings on the sales market.
The buildings are two of the three remaining Bracebridge buildings in downtown. Bank of America will move staff into the remaining building. The buildings comprise a sizable chunk of downtown.
Bank of America’s predecessor MBNA moved its headquarters from the Ogletown area south of Newark to downtown in the 1990s. The buildings became well known for their plush décor and expansive lobbies.
Since the sale of MBNA to Bank of America, the size of the workforce in downtown has been reduced.
A few years ago, another building in the downtown Bank of America complex was donated for use as a site for charter schools.
Bank of America spokesman Tony Allen did not immediately respond to a request for comment on the listings.
Bank of America does not disclose total employment figures for Delaware. However, it is believed that the company has more than 6,000 employees in the state. At its peak, MBNA employed 10,000.
A fraction of the workforce is located in downtown, with others working out of suburban sites.
A few years ago, Bank fo America vowed to retain a presence in Delaware, despite companywide cost-cutting efforts. The bank has gradually added branch banking offices in northern Delaware.
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