Zions Bancorporation is planning to build a 400,000sqft technology campus in Midvale, Utah on the former Sharon Steel Mill site.
The new campus will be the bank’s primary technology and operations centre, serving its seven affiliate brands in 11 western states.
The proposed facility will accommodate over 2,000 employees.
The new campus will also allow the bank to eliminate 11 smaller facilities totalling 520,000sqft and reduce occupancy costs by over 20%.
Zions Bank said that it will employ nearly 1,500 people during the construction of the project.
Additionally, to nurture employee health and well-being, the campus will offer locker and shower facilities, shareable bikes, a large café, and much more.
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Zions Bancorporation chairman and CEO Harris Simmons said: “Zions Bancorporation’s Enterprise Technology and Operations division has been making industry-leading investments in its core banking systems while also delivering a variety of state-of-the-art digital banking capabilities.
“This environment-friendly campus will help us attract the best technology talent in the country while also reducing our overall facilities costs.”
The campus will also boast of low VOC-emitting construction materials, triple-pane exterior glass, and ultra-efficient heating and cooling systems.
Over 75% of the building’s electricity will be sourced from on-site renewable solar energy.
The bank anticipates the construction project to be completed by mid-2022.