You would think with the wealth management presence that the Bank has in Florida plus the state's population, there would be a HUB office location in Florida. Anyone hear of talk about adding a FL HUB office?
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We do not have a presence there. Why would we start building branches where people chose to move during Covid? There is Wealth Management in the cities where the most money is, but by no means would they build a hub to accommodate others? Be thankful you don’t have an office not really sure of your intent here.
@OP USB doesn’t have a wealth management “presence” in FL. They have overpaid for average talent in the market, but have very little clients and no growth. It is crazy that USB never purchased a bank in FL or TX to actually grow in growing markets, but leadership decided to grow in CA which they already had a large presence in a market that isn’t growing.
@cj They don’t exist in my state. It’s downtown or you’re sc--wed out of luck. The mismanagement of braindead CEO.
@ca Got randomly assigned from WFH to one in the suburbs here, so they do exist. Su-ks, but at least I'm not stuck paying city taxes on top of the useless commute.
Also explain why the hubs are only in the large cities and no suburban hubs for people who do not live in the cities? It’s bullsh-t to only try to keep downtowns alive but that sh-t won’t keep the monster buildings alive. They are going to sh-t. The amenities are sh-t also. Dirty a-s hubs.
No hub in Florida, no practical purpose. The purposes of hubs are two-fold: reduce the amount of leased commercial space to lower expenses and 2.) make things uncomfortable enough for remote and flexible employees to leave without severance, or just leave, both lowering expenses.
Hubs do not exists for the purposes of employees, customers or internal productivity, just to lower expenses, while also keep afloat the commercial real-estate market that US Bank has exposure in.