Citi Opens State-of-the-Art Operations Site in Sioux Falls
September 05 2019 - 12:30PM
Business Wire
$72 Million Facility Reflects Citi's Investment
in Future of Sioux Falls
Site’s LEED Gold Designation Marks Citi's
Commitment to Sustainability
Citi today officially marked the opening of its new,
state-of-the-art operations site in Sioux Falls, extending a nearly
four-decade-long commitment to South Dakota. Citi CEO Michael
Corbat was joined at the ribbon cutting ceremony by South Dakota
Lieutenant Governor Larry Rhoden, U.S. Senators John Thune and Mike
Rounds, Sioux Falls Mayor Paul TenHaken, and U.S. Representative
Dusty Johnson along with Citi colleagues, local business leaders
and members of the community.
“Citi’s $72 million investment in our new state-of-the-art
facility affirms our commitment to Sioux Falls and South Dakota,”
said Citi CEO Michael Corbat. “We are very proud of the role that
Citi has played as a catalyst of growth in this city and we look
forward to our continued partnership with the city and state.”
South Dakota Lieutenant Governor Larry Rhoden commented: “Today,
both South Dakota and Sioux Falls are recognized as leaders in the
banking industry. Citi’s success here motivated other banks to
locate their operations in South Dakota. These additional
institutions that have followed have only helped stimulate our
state’s financial sector – providing quality, high-paying jobs to
our fellow South Dakotans, not only in Sioux Falls, but around the
state. We appreciate the sustainable partnership Citi has built
here in South Dakota and look forward to working with them well
into the future.”
Since 1981, when Citi opened a credit card operations center in
Sioux Falls, the breadth of work has diversified, expanding to 22
business functions, including credit operations, technology,
finance, treasury and transactions and customer service.
“For years, Citi has been a critical partner in the economic
success of Sioux Falls and this new facility starts a new chapter
in our relationship,” said Sioux Falls Mayor Paul TenHaken. “We are
honored that they continue to invest in our great city.”
The new building features open concept working spaces to foster
greater collaboration – a design Citi is using with its new
buildings around the world. Additionally, the site has been
certified with a LEED gold designation from the U.S. Green Building
Council, a testament to Citi’s commitment to sustainability.
The modern four-story facility occupies 150,000 square feet on
19 acres in the southwest corridor of Sioux Falls. Employees began
moving in this summer.
“Employee response to the new location has been fantastic,” said
Craig Hansen, Citi Sioux Falls Site President. “The abundance of
natural light and panoramic views throughout the building, coupled
with collaborative work spaces, new amenities and cutting edge
technology makes it a great place to come to work.”
Citi has played an integral role in the Sioux Falls community,
impacting a large number of nonprofit partners through Citi
Foundation grants, investments, training, volunteerism and
service.
- In 2018, Citi made over $1.5 million in charitable
contributions to a number of nonprofit partners in Sioux Falls and
South Dakota, including the Sioux Empire Housing Partnership which
helps families in South Dakota fulfill the dream of home
ownership.
- As part of Citi’s Pathways to Progress initiative, the Citi
Foundation has invested in local organizations expanding the skills
of over 4,000 young people in Sioux Falls and South Dakota, helping
them build networks and connect to the working world.
- For more than a decade, Citi has partnered with the rural
development organization Dakota Resources which serves
low-to-moderate-income communities across the state.
- In 2018, Citi colleagues donated nearly 18,000 hours of
volunteer service to a wide range of community causes in Sioux
Falls.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi.
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version on businesswire.com: https://www.businesswire.com/news/home/20190905005696/en/
Media contacts: Drew Benson: drew.benson@citi.com Maggie
Monaghan: maggie.monaghan@citi.com
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