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Japanese banking giant picks Charlotte, North Carolina, for second US headquarters

SMBC’s expansion strengthens market's status as East Coast financial hub
Hirofumi Otsuka, CEO of SMBC Americas, addresses government officials during an announcement of its North Carolina expansion. (City of Charlotte)
Hirofumi Otsuka, CEO of SMBC Americas, addresses government officials during an announcement of its North Carolina expansion. (City of Charlotte)

Sumitomo Mitsui Banking Corp., one of Japan’s largest global lenders, will anchor a major expansion of its U.S. banking operations by opening a second U.S. headquarters in Charlotte, North Carolina, committing to thousands of high‑paying jobs and millions of dollars in new investment.

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