M&T Bank, second largest bank in the region, announced Thursday it would move its regional headquarters to One Light Street in downtown Baltimore by the end of 2018.
The relocation will allow all M&T employees housed in the regional headquarters at 25 South Charles Street and South Calvert Street office to work under one roof. M&T announced it had signed a 15-year lease with two five-year renewal options.
The Buffalo-based Bank will take occupancy of 155,000 square feet across six floors of the glass tower, which is currently under construction. M&T, along with CIT Group Inc. and Natixis are financiers on the project.
The building once complete will feature 280 new luxury apartments with a pool and club, 5,000 square feet of retail space, a parking garage and 780,941 square feet of Class A office space.
“The development at One Light Street is an important project which is buoyed by M&T Bank making the decision to locate its headquarters there,” said President and CEO of the Baltimore Development Corp. William H. Cole in a statement.